Semiconductor and memory stocks have pulled back sharply while software names stage a quiet comeback, is this just healthy rotation, or the start of something bigger? 

Puru Saxena, founder of AlphaTarget and growth investor, is joined by AlphaTarget's analyst team to unpack the sharp fifteen percent pullback in the SOXX semiconductor ETF against a ten percent rally in the IGV software ETF, why the team continues to hold roughly 15-20% in cash after recently locking in partial profits, and why they expect the next three to four weeks to stay choppy amid ongoing volatility out of the White House. 

Damia breaks down the capital rotation out of overbought semiconductor names and into infrastructure software, monitoring, and security stocks, and explains why rising memory prices are creating margin pressure across parts of the AI supply chain while leaving connectivity players largely unaffected. 

Anirban Mahanti explains why horizontal and "boutique" SaaS software remains vulnerable to AI disruption, while companies building durable data moats and network effects around orchestration, observability, and multi-cloud management are positioned to compound that advantage over time. 

Oyvind Bjerke discusses the escalating competitive landscape in fast inference, comparing Groq and Cerebras' SRAM-based architectures against Qualcomm's newly unveiled Dragonfly platform, and explains why the decode stage of inference is so memory-bandwidth constrained, and how Cerebras' wafer-scale approach solves SRAM's historical capacity problem. 

Irnest Kaplan walks through Morgan Stanley's hyperscaler capex forecasts, why growth is expected to nearly halve from 79% in 2026 to 39% in 2027, and why Meta's newly announced cloud compute business is a less alarming development than the market's initial reaction suggested. 

The episode also covers why fast inference may become more valuable, not less, as AI workloads bifurcate between on-device and cloud processing, how AlphaTarget's portfolio has returned roughly 65% since launching two years ago versus the S&P 500's 39%, and why the team is taking a short break over the summer before returning later this year. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions. 

The stock market staged a sharp reversal this week after Micron's blowout earnings reignited enthusiasm for AI infrastructure stocks, but is the rally on solid footing, or are investors getting ahead of themselves again? 

Puru Saxena, founder of AlphaTarget and growth investor, is joined by AlphaTarget's analyst team to unpack the recent stabilisation in equity markets, the easing of oil prices and bond yields following progress on the Iran-US deal, and why the team remains cautious despite the improving macro economy backdrop. With the Federal Reserve signalling a possible rate hike later this year, the panel discusses why they continue to hold roughly 35% in cash and have shifted away from index hedging towards buying puts on individual overextended names, a key shift in investing approach. 

The discussion then turns to Micron's bold earnings call, in which the CEO claimed AI and robotics demand could drive a multi-decade upcycle in memory requiring ten times current memory usage. Puru Saxena and Irnest Kaplan, CFA Charterholder and former Societe Generale analyst, weigh in on why such claims deserve scrutiny, and examine new research from Bernstein suggesting memory earnings could peak in the second half of 2027 before declining sharply, raising questions about how much further the semiconductor rally can run and what it means for disruptive stocks. 

Anirban, PhD in Computer Science and former Director of Research and Portfolio Manager at Motley Fool Australia, breaks down Apple's newly unveiled on-device AI strategy, revealing how the company has built its foundation models on top of Google's Gemini rather than developing its own from scratch. The team explores how Apple's approach to personalisation, semantic indexing, and orchestration between on-device and cloud computing models could reshape how enterprises think about deploying AI securely at scale. 

Irnest Kaplan also discusses the early signs of enterprises pulling back on AI spending after a period of unrestrained "token maxing," as companies grapple with the cost and security challenges of deploying AI agents across large organisations, a growing theme across business trends today. 

Finally, the panel examines the fast-emerging premium inference market, with Oyvind detailing how companies like Groq and Cerebras are using SRAM-based architectures to dramatically accelerate inference speeds, and why Nvidia's own guidance points to a market that could be worth hundreds of billions of dollars in the years ahead, a major signal for anyone tracking technology and finance. 

The episode also explores why software and infrastructure companies integrating AI agents, including those in ecommerce, may be best positioned to benefit from the next leg of the AI cycle, why parabolic moves in semiconductor stocks rarely sustain themselves without a pullback, and how AlphaTarget is positioning its portfolio and broader business strategy for a volatile but potentially rewarding second half of the year. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions. 

Markets have finally started pulling back after months of relentless gains, but is this correction only just beginning? 

Puru Saxena, founder of AlphaTarget and growth investor, is joined by AlphaTarget's analyst team to discuss the recent turbulence in equity markets, why the firm raised cash and hedged its portfolio ahead of the sell-off, and why the team believes a deeper correction may still lie ahead. With the Federal Reserve meeting approaching, the panel examines how monetary policy, investor sentiment, seasonality, and overstretched valuations could shape market performance over the coming weeks. 

The discussion then turns to one of the most important developments in artificial intelligence: the rapidly falling cost of AI inference. Anirban Mahanti, PhD in Computer Science and former Director of Research and Portfolio Manager at Motley Fool Australia, explores why companies are increasingly shifting workloads away from expensive frontier models and towards cheaper open-source alternatives. The team debates whether AI models are becoming commoditised, how orchestration may become the next competitive battleground, and what declining token prices could mean for the broader AI ecosystem. 

Damia, former analyst at Citibank and investment banking professional, breaks down Oracle's latest earnings results, including accelerating cloud infrastructure growth, surging AI-related demand, and the company's enormous capital expenditure plans. The discussion examines whether investors should be worried about rising debt levels and negative free cash flow, or whether Oracle is positioning itself for a much larger opportunity ahead. 

The panel also revisits one of the most controversial areas of the AI investment boom: memory and semiconductor stocks. The team explains why seemingly cheap valuations in cyclical industries can often be a warning sign rather than an opportunity, and why investors should pay close attention to slowing growth rates, earnings expectations, and historical market cycles. 

Finally, Irnest Kaplan, CFA Charterholder, former Societe Generale analyst and AlphaTarget Senior Analyst, discusses emerging evidence that enterprises may be reducing spending on expensive AI models. The team reviews new industry data, explores the rise of low-cost competitors from China, and analyses recent comments from Palo Alto Networks CEO Nikesh Arora on the future of AI, cybersecurity, enterprise software and data infrastructure. 

The episode also explores why AI infrastructure companies may remain among the biggest beneficiaries of the AI revolution, why software markets are becoming increasingly polarised between winners and losers, and how AlphaTarget is positioning for what it believes could be a volatile but opportunity-rich second half of the year. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions. 

The stock market is ripping higher again, AI stocks are surging vertically, and investors may be underestimating just how stretched this rally has become. 

Puru Saxena, founder of AlphaTarget and growth investor, and the panel break down the explosive rebound in equities following recent geopolitical tensions in the Middle East, explain why semiconductor stocks and AI-related stocks continue to push aggressively higher, and discuss why AlphaTarget believes markets may now be approaching a significant short term top. With sentiment rapidly shifting from fear to extreme optimism, the team explores whether this rally still has room to run and where risks may now be building beneath the surface. 

Oyvind Bjerke, Senior Analyst at AlphaTarget explains why fuel cells are suddenly becoming a critical part of the AI data center buildout, why companies like Bloom Energy are seeing explosive demand growth, and how power shortages and grid constraints are creating a major opportunity across the sector. Irnest Kaplan, Senior Analyst, also breaks down the competitive landscape, including why Ceres Power could emerge as an important challenger as AI infrastructure spending accelerates globally. 

The panel also dives into one of the most anticipated IPOs in years: SpaceX. Damia unpacks the company’s S-1 filing, including Starlink growth, AI ambitions, heavy investment spending, and the debate surrounding its potential $2 trillion valuation. The discussion explores whether investors are pricing in too much future optimism, how Starship could reshape long term growth expectations, and why Elon Musk companies continue to command extraordinary valuations despite increasingly difficult comparisons. 

The episode of AlphaTarget PULSE also explores why the Federal Reserve could become a major catalyst for volatility, why the current AI rally is beginning to resemble previous speculative periods, and how the team is positioning through what they believe could become a more unstable market environment over the coming months. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions 

The stock market continues to push higher as growth stocks, AI infrastructure names and semiconductor companies rally aggressively on the back of surging demand for compute, memory and networking infrastructure. 

In this episode of Alpha Target Pulse, investor and founder Puru Saxena is joined by Irnest, CFA charterholder and former analyst at Société Générale, Anirban Mahanti, former Director of Research and Portfolio Manager at Motley Fool Australia, Damia, former analyst at Citibank and investment banks in Malaysia, and Oyvind Bjerke, former analyst at Peel Hunt, Berenberg and RCO Family Office. 

The panel breaks down the explosive rally across AI, software, cloud computing and semiconductor stocks as hyperscaler spending continues to ramp higher. The discussion explores why demand for AI agents is driving another wave of infrastructure investment across data centres, networking, CPUs and memory. 

Oyvind explains why the supply-demand imbalance in high-end memory continues to tighten, including how autonomous driving and agentic workloads could create another major wave of demand over the coming decade. Irnest breaks down the growing opportunity in CPUs and why the rise of AI agents may dramatically change the balance between CPUs and GPUs inside modern AI infrastructure. 

Anirban explores Cisco’s latest results, the surge in AI networking demand and why the current AI cycle may prove more durable than previous technology booms. The panel also discusses the growing role of inference workloads, hyperscaler capex and the expanding buildout of cloud computing infrastructure. 

The episode also covers Datadog’s latest earnings, why software companies may be benefiting from AI rather than being disrupted by it, and how the market may have mispriced parts of the software sector during the recent AI panic. Damia unpacks Datadog’s operating results, accelerating customer growth and raised guidance, while the team discusses valuation, positioning and whether parts of the stock market are becoming overheated again. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions 

Beneath a steady stock market, a much bigger shift is taking place. AI investment, cloud computing demand and technology earnings are accelerating, forcing investors to rethink the outlook for growth stocks and the broader economy. 

Puru Saxena and the panel dive into the forces driving this market move, from surging AI investment to a decisive shift in sentiment following strong Big Tech results. They explain why cloud computing demand is accelerating, why growth stocks are back in focus, and how these trends are shaping the next phase of investing in artificial intelligence and technology. 

With cloud computing growth re-accelerating and capital expenditure surging across hyperscalers, the team explores whether this is early validation of the AI boom or the peak of the current cycle. 

The panel explores: 

Middle East tensions and the stock market: Why equities have remained stable despite conflicting headlines, how investors are interpreting geopolitical risk, and why oil and macro conditions still matter for the broader economy and finance. 

Growth stocks and market positioning: Puru explains the recent rally in growth stocks, how extreme bearish positioning and aggressive hedging created the conditions for a sharp rebound, and what this means for investing going forward. 

Cloud computing and AI demand: Damia breaks down the latest results from Big Tech, including accelerating growth across cloud computing platforms like Google Cloud, AWS and Microsoft Azure, and what this signals for software, technology and emerging technologies. 

AI infrastructure and capex surge: Irnest Kaplan explains why hyperscalers are on track to spend over $700 billion on AI infrastructure, how this impacts the broader ecosystem, and why demand continues to outstrip supply. 

Custom silicon and the AI shift: Anirban explores the rise of in-house chips, why companies are expanding beyond the cloud, and what this means for the future of AI, software and enterprise workloads. 

AI competition and market dynamics: The team discusses the evolving battle between OpenAI and Anthropic, how compute constraints are shaping user behaviour, and what this means for the future of artificial intelligence, business trends and disruptive stocks. 

A clear breakdown of the biggest business trends shaping the stock market, disruptive stocks, and the future of AI-driven investing. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions 

The stock market is ripping higher, growth stocks are surging, and investors may have just badly misread one of the biggest artificial intelligence developments of the year. 

Puru Saxena and the panel break down the powerful rebound in equities following heightened Middle East tensions, explain why software and growth stocks are rallying aggressively, and unpack why Anthropic’s latest AI release may strengthen the long term outlook for cybersecurity rather than weaken it. 

With sentiment swinging rapidly from panic to optimism, the team explores whether this rally has further to run and where the most compelling opportunities may now lie across artificial intelligence, cybersecurity, software and disruptive technology. 

The panel explores: 

Middle East tensions and the stock market rally: Why equities bottomed despite worsening geopolitical headlines, how markets reacted to renewed US-Iran talks, and why oil remains one of the most important macro variables for investors. 

Puru explains the sharp rebound in growth stocks and why stretched bearish positioning, and aggressive hedging created the setup for a major short covering move. 

Computer scientist and AI specialist Anirban explains what Anthropic’s new frontier AI model does, why it has sparked panic across financial markets, and whether the technology represents a genuine breakthrough in artificial intelligence. 

Cybersecurity stocks sell off: Why cybersecurity stocks were hit after the Anthropic announcement, why the market may have misunderstood the development, and why AI could increase, not reduce, future cybersecurity demand. 

AI and the cybersecurity arms race: How increasingly powerful artificial intelligence models may reshape cyber warfare, software vulnerabilities and enterprise security spending over the coming decade. 

Senior analyst Irnest Kaplan breaks down why Anthropic’s revenue growth is accelerating at an extraordinary pace, whether it has overtaken OpenAI, and what this means for the broader AI investment cycle. 

Hyperscaler capex and AI infrastructure: Why exploding AI revenues are helping justify massive cloud computing and data centre investment from the world’s largest technology companies. 

Senior analyst Damia explains when Anthropic could go public, what risks exist around a future IPO, and how public market investors may gain indirect exposure before listing. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions 

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Is the worst of the stock market correction now behind us?  This of episode provides a framework for navigating short term volatility in the stock market while staying focused on long term opportunities in artificial intelligence, cloud computing and disruptive technologies. 

Host of AlphaTarget PULSE, Puru Saxena, and the panel unpack the evolving macro landscape as geopolitical tensions in the Middle East begin to ease, equity markets rebound, and a major artificial intelligence development raises new questions about the future of growth stocks and technology. 

With growth stocks and disruptive stocks down 50 to 70% and sentiment still fragile, the team explores whether markets are forming a durable bottom and what needs to happen next to confirm it. 

The panel explores: 

Geopolitics, oil and the stock market: How shifting rhetoric between the US and Iran, alongside early signs of de-escalation, is driving volatility across the stock market, oil and currencies. The team explains why crude prices remain the key variable for inflation and broader business stability. 

Market positioning and the case for a bottom: Why extreme positioning, elevated put call ratios and widespread hedging created the conditions for a sharp rally. The discussion focuses on whether this signals a turning point for investing or a pause before another leg down. 

AI infrastructure and the storage bottleneck: Why the next constraint in artificial intelligence may not be compute or cloud computing capacity, but storage. The team explores how inference and data generation are driving demand across the technology stack. 

AI breakthroughs and implications for software: What Google’s latest compression innovation means for memory efficiency and whether it changes the outlook for software and AI infrastructure. The panel discusses how this could reshape demand across parts of the technology ecosystem. 

Tech valuations and growth stocks: Why software and semiconductor valuations have compressed sharply and how current levels compare to historical norms. The team assesses whether growth stocks now offer attractive long term opportunities. 

Hyperscalers, capex and the AI cycle: How major technology companies continue to invest heavily in artificial intelligence and cloud computing, and why this spending is creating a divide between short term skepticism and long term conviction. 

Software disruption and the role of AI agents: Why parts of the software ecosystem may face pressure from AI driven automation, and which areas of technology, particularly infrastructure and cybersecurity, are more likely to remain resilient. 

AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions. 

How should investors navigate a world of simultaneous geopolitical shock, a hawkish Federal Reserve and relentless innovation in artificial intelligence? And with growth stocks down 50 to 80% while indices remain relatively resilient, is the worst of the selling behind us or is there more pain ahead? 

In this episode of AlphaTarget PULSE, host Puru Saxena and the panel assess the compounding pressures facing global equity markets, from US-Israel strikes on Iran and the closure of the Strait of Hormuz, to the Fed's decision to hold rates and signal only one cut in 2025. Against this backdrop, the team examines Nvidia's landmark GTC event, the unravelling of Meta's Metaverse ambitions and the emergence of agentic commerce as the next frontier in AI-driven retail. 

The panel explores: 

Geopolitics, oil and inflation: How US and Israeli military action against Iran, the shutdown of the Strait of Hormuz and strikes on Gulf energy infrastructure are driving oil price volatility, stoking inflationary pressure and complicating the Federal Reserve's path to rate cuts and what this means for consumer economies dependent on imported energy. 

Federal Reserve and macro outlook: Why the Fed's decision to hold rates and signal only one cut this year, combined with stalling private sector job creation, raises the risk of stagflation and how equity markets, particularly large-cap technology, are beginning to price in a more challenging macro environment. 

Nvidia GTC and the AI infrastructure buildout: What Jensen Huang's one trillion dollar visibility figure for AI infrastructure spending through 2027 signals about the durability of the capital expenditure cycle, why the Vera Rubin architecture's power efficiency gains matter for data centre operators, and why the market's muted reaction to record-breaking numbers may itself be the most telling signal of all. 

Agentic commerce and the evolving AI ecosystem: What Walmart's decision to embed its own Sparky agent inside ChatGPT, and potentially Gemini and Claude, reveals about how large language models are being repositioned as distribution platforms, and what this emerging handoff model means for monetisation across the AI stack. 

Meta, the Metaverse and capital reallocation: Why the shutdown of Horizon Worlds on Quest headsets marks a definitive end to one of the most expensive strategic miscalculations in technology history, and how the reallocation of tens of billions in Reality Labs capex toward Llama and AI infrastructure reflects a broader industry reckoning with where durable value is actually being created. 

Portfolio strategy and hedging in a fragmented stock market: Why the historic decoupling between growth stocks and major indices has rendered traditional index-based hedges ineffective, and how the team is evolving its approach toward individual stock put options to achieve a true and meaningful hedge in today's deeply uncorrelated market environment. 

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today's ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions. 

How should investors interpret geopolitical escalation in the Middle East, oil price volatility and extreme weakness in high-growth technology stocks? And is the current drawdown in artificial intelligence and enterprise software a structural reset or the next major opportunity in the stock market?

In this episode of AlphaTarget PULSE, host Puru Saxena and panel examine the market impact of rising geopolitical risk, energy supply disruption and sharp rotations away from AI and semiconductor leaders. Drawing on expertise across global capital markets, software research and portfolio

The panel explores:

Geopolitics and oil markets: How conflict in the Middle East and potential disruption of the Strait of Hormuz could affect inflation, global trade flows and equity market volatility, and why history suggests panic-driven selloffs in the stock market may prove short-lived.

Semiconductors, robotics and capital cycles: Why South Korea’s memory-heavy index reacted sharply, what it signals for high-bandwidth memory and data center demand, and how supply chain risk intersects with the ongoing AI infrastructure buildout including emerging technologies in robotics and autonomous driving that depend on continued semiconductor innovation.

AI agents, cloud computing and enterprise software:

Valuation and portfolio strategy: Why AI and software multiples have

This episode provides a framework for navigating macro uncertainty while staying focused on structural growth, from artificial intelligence and

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AlphaTarget PULSE brings you timely, institutional-grade insights on markets, business, technology and investing. Every other Friday, our Founder Puru Saxena (veteran money manager and Founder of money management firms in Hong Kong) and our highly experienced analysts (ex-Citibank, Societe Generale, Peel Hunt, Berenberg, Motley Fool) cut through the noise and dissect markets, disruptive business trends, technological developments and opportunities, revealing where the smart money is investing. 

AlphaTarget PULSE is a production of AlphaTarget, a premier research firm which specialises in uncovering disruptive, rapidly growing companies in the public markets, equipping investors with actionable insights to stay ahead in today’s ever-evolving business landscape. Our firm is trusted by a wide range of investors including individuals, family offices, financial advisers, funds and wealth managers and our research subscription educates and empowers investors to make smarter decisions.