Buzzberg Cup Live

Bloomberg Surveillance 7/8/2026

Watch on YouTube ↗  |  July 08, 2026 at 14:53  |  2:24:18  |  Bloomberg Markets
Speakers
Ed Yardeni — President, Yardeni Research
Tom Forte — Analyst, Maxim Group
Samantha Dart — Head of Digital Assets, Bitwise
Tracie McMillion — Chief Investment Officer, Wells Fargo
Gil Luria — Technology Strategist at D.A. Davidson
Scott Chronert — Managing Director, Citi
George Saravelos — Editor-at-Large, CoinDesk
Vishal Khanduja — Co-Head of Broad Markets Fixed Income, Morgan Stanley Investment Management
Dan Greenhaus — Chief Strategist, ICAP

Summary

Bloomberg Surveillance covers Iran ceasefire collapse, spiking oil, and a rotation out of chip stocks amid concerns about AI debt and capex sustainability. Guests offer bullish calls on semiconductors, oil, financials, AI software leaders, and a broadening trade, while Citi downgrades semiconductors.

  • Iran ceasefire ends, oil surges over 5% with Brent to $78.
  • Rotation out of chips intensifies, South Korea KOSPI enters bear market.
  • Amazon's $25B debt offering sees soft demand, hinting at AI debt fatigue.
  • Ed Yardeni views the semiconductor selloff as a buying opportunity.
  • Samantha Dart warns refined products will tighten more than crude.
  • Tracie McMillion bullish on oil, financials, utilities, and materials.
  • Gil Luria picks Nvidia, Micron, Palantir, and Microsoft as AI winners.
  • Scott Chronert downgrades semis, upgrades software, and favors the broadening trade.
Ideas
Ed Yardeni President, Yardeni Research 15:01
Semiconductors are a buying opportunity after selloff.
Semiconductors and hardware are downgraded because Q2 strength in memory/storage sets up a face-off as hyperscalers face rising input costs, making the semi profit momentum unsustainable until there is clarity on capex.
SMH MED
Tom Forte Analyst, Maxim Group 31:45
Amazon leads in AI opportunities.
Amazon is best-positioned among mega-cap tech stocks to capitalize on AI opportunities, with strong free cash flow and ability to flex investment spending as needed.
AMZN MED
Samantha Dart Head of Digital Assets, Bitwise 81:38
Refined products are tighter than crude.
Refined oil products (gasoline, diesel, jet fuel) are more vulnerable than crude because refining capacity in the Gulf has been damaged while crude production capacity is intact, and product inventories are very low.
UGA HIGH
Tracie McMillion Chief Investment Officer, Wells Fargo 104:34
Oil remains bullish through year-end.
Oil has upside to $85 a barrel by year-end given persistent geopolitical risks and supply-demand dynamics, with more room to run in the coming months.
USO HIGH
Tracie McMillion Chief Investment Officer, Wells Fargo 106:16
Utilities and materials support AI buildout.
Utilities and materials play a key ancillary role in the AI buildout and are favored along with information technology.
XLB XLU MED
Tracie McMillion Chief Investment Officer, Wells Fargo 108:17
Financials benefit from multiple tailwinds.
Financials are attractive due to rising portfolio management and banking fees, expected yield curve steepening, and regulatory tailwinds.
XLF HIGH
Gil Luria Technology Strategist at D.A. Davidson 119:30
NVDA and MU are cheap and growing.
Nvidia and Micron are attractively priced after the selloff, with Micron at just 7x earnings, and both will see significant earnings growth driven by continued AI demand.
MU NVDA HIGH
Gil Luria Technology Strategist at D.A. Davidson 119:34
PLTR and MSFT win as AI orchestrators.
Palantir and Microsoft provide the AI orchestration layer that lets companies switch between models and avoid lock-in, positioning them as prime beneficiaries of enterprise AI adoption.
PLTR MSFT HIGH
Scott Chronert Managing Director, Citi 140:16
Broadening trade offers near-term opportunity.
The broadening trade into non-AI, macro/sensitive parts of the market is where opportunity lies now; as oil prices eventually fade, inflation pressure eases, allowing this part of the market to re-rate.
RSP MED
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This Bloomberg Markets video, published July 08, 2026, features Ed Yardeni, Tom Forte, Samantha Dart, Tracie McMillion, Gil Luria, Scott Chronert discussing SMH, AMZN, UGA, USO, XLB, XLU, XLF, MU, NVDA, PLTR, MSFT, RSP. 9 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Ed Yardeni, Tom Forte, Samantha Dart, Tracie McMillion, Gil Luria, Scott Chronert  · Tickers: SMH, AMZN, UGA, USO, XLB, XLU, XLF, MU, NVDA, PLTR, MSFT, RSP