The AI Trade That’s Helping Markets Sidestep Iran Risk | Insight with Haslinda Amin 04/24/2026

Watch on YouTube ↗  |  April 24, 2026 at 05:29  |  50:01  |  Bloomberg Markets
Speakers
Adam Levinson — Co-Founder, Blockworks

Summary

The video covers market reactions to the Iran war, with oil prices rising and tech stocks showing resilience. Asset manager Adam Levinson discusses his bullish stance on semiconductors, European gas, and US petrochemicals, while shorting long-term US bonds. Other segments include DeepSeek's new AI model, Japan's finance minister on yen weakness, the Beijing Auto Show, and West Bengal's high-stakes state election.

  • Brent oil headed for biggest weekly gain as Iran conflict continues
  • DeepSeek unveils preview of latest AI models, reigniting China tech rally
  • Adam Levinson calls current cycle the greatest hardware cycle of all time
  • Levinson maintains long positions in European natural gas, expects significant upside
  • Levinson is short US long-term Treasury bonds due to persistent inflation risks
  • He has been buying Asian semiconductor stocks after the oil-related selloff
  • US petrochemicals are favored due to a feedstock shift from Qatari disruptions
  • Japan's finance minister warns of speculative yen weakness and stands ready to intervene
Trade Ideas
Adam Levinson Co-Founder, Blockworks 5:31
Greatest hardware cycle of all time
The semiconductor hardware cycle is the greatest of all time, driven by AI demand, and will grow from 1% to 2% of global GDP, with strong capex from hyperscalers and insatiable demand.
SMH HIGH
Adam Levinson Co-Founder, Blockworks 6:10
Buy Asian semi dip after oil selloff
Asian semiconductor stocks sold off excessively due to perceived oil sensitivity, creating the best buying opportunity in the last month; they have been buying the dip.
EWT HIGH
Adam Levinson Co-Founder, Blockworks 7:50
Bullish US petrochemicals due to feedstock shift
The Iran war disrupted Qatari helium/gas supply, shifting feedstock advantage to US petrochemicals, resulting in a margin shift from Asia to US, which will last at least 18 months.
XLB HIGH
Adam Levinson Co-Founder, Blockworks 11:02
European gas underpriced, expect rally
European natural gas is underpriced due to supply disruptions from Qatar, and the situation is almost impossible to fix in the short term, so they maintain length expecting prices to rise from 43 to 60 or above.
European natural gas (TTF) HIGH
Adam Levinson Co-Founder, Blockworks 12:52
Short US long-term bonds
Persistent inflation impulses from energy costs, removal of forward guidance, and supply chain reformatting will lead to higher long-term bond yields, so they are short the backend of the curve.
US long-term Treasury bonds (10yr/30yr) HIGH
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This Bloomberg Markets video, published April 24, 2026, features Adam Levinson discussing SMH, EWT, XLB, European natural gas (TTF), US long-term Treasury bonds (10yr/30yr). 5 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Adam Levinson  · Tickers: SMH, EWT, XLB, European natural gas (TTF), US long-term Treasury bonds (10yr/30yr)