In this episode of No Ordinary Wednesday, Jeremy Maggs speaks with Zane Bezuidenhout and David Smith, Global Equity Research Analysts at Investec Investment Management in the UK. Fresh from the Deutsche Bank Tech Conference in California, they examine what’s substance and what’s speculation in the current tech cycle – and why artificial intelligence, still in its very early innings, could redefine how we think about growth and value.

Podcast key highlights 

00:00 - Tech’s global dominance and its impact on markets 

01:51 - Why technology remains too important for investors to ignore 

02:47 - What makes tech companies fundamentally different from others 

03:38 - The rise and power of hyper-scalers in the global economy 

05:08 - The AI revolution and how it’s reshaping computing 

07:34 - Tariffs, export controls, and geopolitical pressures on tech 

08:44 - Robotics as a long-term investment theme 

09:46 - Investec’s Promaths initiative and its national impact 

11:44 - Semiconductor supply recovery after global disruptions 

13:05 - Building an effective tech investment strategy 

14:19 - Areas of the tech market showing signs of overheating 

15:16 - Key tech stocks and companies to watch 

16:58 - Global opportunities across Asia, Europe, and the US 

18:24 - Common misconceptions about the tech sector 

19:32 - Closing remarks and where to watch or listen further 

Read more on www.investec.com/now

Hosted by seasoned broadcaster, Jeremy Maggs, the No Ordinary Wednesday podcast unpacks the latest economic, business, and political news in South Africa, with an all-star cast of investment and wealth managers, economists, and financial planners from Investec. Listen in every second Wednesday for an in-depth look at what's moving markets, shaping the economy, and changing the game for your wallet and your business. Investec Focus Radio SA