US-Iran Talks Stall; Stocks Drop as AI Mania Fades | Horizons Middle East & Africa 6/5/2026

Watch on YouTube ↗  |  June 05, 2026 at 06:46  |  46:02  |  Bloomberg Markets
Speakers
Anita Krishna Gupta — CIO, Wealthbrix Capital Partners

Summary

Asian stocks and US futures fell as AI enthusiasm cooled after Broadcom's weak outlook. Geopolitical tensions in the Middle East persisted with Hezbollah rejecting a US-brokered truce, stalling US-Iran talks. CIO Anita Gupta expressed confidence in the AI infrastructure trade, favored gold over the US dollar, and noted pullbacks are normal. The show also covered Nigeria's debt refinancing plans, Ghana's potential rate cuts, and the impact of aid cuts on Ebola response.

  • Asian and US equity futures declined led by South Korea's KOSPI due to AI trade pullback.
  • Broadcom's weaker-than-expected AI outlook triggered profit-taking in tech stocks.
  • Hezbollah rejected a US-brokered truce in Lebanon, stalling ceasefire talks between US and Iran.
  • Anita Gupta reiterated a bullish stance on AI infrastructure and semiconductors.
  • Gupta expects gold to rise further and is underweight the US dollar.
  • Nigeria plans to refinance high-cost debt amid elevated oil prices and strong investor confidence.
  • Ghana's central bank sees room for rate cuts if external shocks ease.
  • A new Ebola strain is spreading fast, worsened by cuts to foreign aid and health surveillance.
Trade Ideas
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 7:34
AI infrastructure trade will continue.
The AI infrastructure trade remains intact with strong earnings growth in semiconductors (80-90% YoY) and massive hyperscaler capex ($1 trillion by next year). Pullbacks are normal after a 100% rally; the long-term path for AI is clear.
SMH MED
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 10:33
Gold has more upside ahead.
Gold has more upside driven by central bank buying and its increasing role as a reserve currency, while the US dollar is expected to weaken, supporting gold further.
GLD HIGH
Anita Krishna Gupta CIO, Wealthbrix Capital Partners 10:39
Underweight US dollar, expecting weakness.
The US dollar is overvalued due to safe-haven demand from the conflict; the portfolio is underweight USD and expects it to give up gains as the year progresses.
UUP MED
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This Bloomberg Markets video, published June 05, 2026, features Anita Krishna Gupta discussing SMH, GLD, UUP. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Anita Krishna Gupta  · Tickers: SMH, GLD, UUP