Kevin Muir: Why the Smart Money Is Selling AI Stocks

Watch on YouTube ↗  |  July 24, 2026 at 12:00  |  12:10  |  Wealthion
Speakers
Kevin Muir — Host, MacroVoices

Summary

Kevin Muir warns that insiders at AI-related companies are selling, citing SpaceX's massive share unlock and Google's first secondary since its IPO. He argues that transformational technologies often lead to overcapacity and poor investment returns, so investors should avoid the builders like the Magnificent Seven and semiconductor stocks. He suggests true AI bulls should instead buy the beneficiaries of cheap AI capacity, though he personally remains skeptical of the hype.

  • SpaceX's $116B share unlock is the largest in history, signaling increased equity supply
  • Insider selling and secondary offerings from companies like Google suggest smart money is exiting AI
  • Historical patterns show transformational tech often creates overcapacity and becomes a poor investment
  • Kevin Muir advises avoiding the Magnificent Seven and AI semiconductor stocks
  • Investors bullish on AI should consider beneficiaries like biotech and financial services if they believe in the theme
  • Equity supply dynamics have shifted dramatically, ending a 15-year trend of net buybacks
Ideas
Kevin Muir Host, MacroVoices 8:01
Avoid AI-building Magnificent Seven stocks
The companies building AI, like the Magnificent Seven, are a poor investment because insiders are selling, equity supply is surging, and history shows transformational technologies often become overbuilt and unprofitable. Google’s first secondary since IPO and the massive SpaceX unlock signal that smart money is exiting, and the more convinced we are of AI’s revolutionary impact, the more certain the overcapacity and poor returns.
MAG7 HIGH
Kevin Muir Host, MacroVoices 8:38
Avoid AI-related semiconductor stocks
Semiconductor and memory stocks have seen extreme speculation with a 10-sigma rally, followed by a rapid 30% correction, yet they remain part of the AI overcapacity story. As with the Mag 7, the build-out of AI hardware will lead to overcapacity and no one will make money, so investors should not bother with these stocks.
SMH HIGH
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This Wealthion video, published July 24, 2026, features Kevin Muir discussing MAG7, SMH. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kevin Muir  · Tickers: MAG7, SMH