<![CDATA[The Point]]>THE POINT is the weekly market intelligence brief from The CIO Group.

Each week, David Bailin, CEO and Founder of The CIO Group and former Global Chief Investment Officer at Citi Wealth, and Steven Wieting, Co-Founder and former Chief Investment Strategist at Citi Wealth, cut through the noise to tell you what actually matters for portfolios. Markets, geopolitics, and positioning, from two people who have spent their careers advising the world's wealthiest families and institutions.

Minds, not models.

New episodes drop every Thursday at 11:30am EST.

]]>https://www.ciogroup.comRiverside.fm (https://riverside.com)Tue, 03 Nov 2026 20:00:38 GMTFri, 31 Jul 2026 14:45:44 GMT60CIO Group<p>THE POINT is the weekly market intelligence brief from The CIO Group.</p><p>Each week, David Bailin, CEO and Founder of The CIO Group and former Global Chief Investment Officer at Citi Wealth, and Steven Wieting, Co-Founder and former Chief Investment Strategist at Citi Wealth, cut through the noise to tell you what actually matters for portfolios. Markets, geopolitics, and positioning, from two people who have spent their careers advising the world's wealthiest families and institutions.<br /></p><p>Minds, not models.<br /></p><p>New episodes drop every Thursday at 11:30am EST.</p>episodicCIO Groupap@ciogroup.comno<![CDATA[The Point - Episode 42]]>Three of the world’s largest tech spenders have reported earnings so far, with more due today. Two of the three posted EPS gains in excess of 25%. Collectively, the four largest spenders are raising AI capex 82% in 2026 - and are now expected to increase it decisively in 2027 as well.

 

So why are the beneficiaries of all that spending - tech hardware and semiconductors - falling sharply? Excessive optimism early on, especially for DRAM producers whose shares skyrocketed in the first half. We see the selloff as an opportunity, but more immediately in software, where shares rose during yesterday’s rout and have lagged far behind hardware.

 

Meanwhile, a confusing Fed and a hostile Iran are causing worries to build.

 

On today's agenda:

  • The four largest spenders raising AI capex 82% in 2026 - and now 2027 too
  • Why hardware and semis are selling off despite the spending surge
  • The DRAM unwind after a skyrocketing first half
  • Why we see software as the more immediate opportunity
  • A confusing Fed and a hostile Iran adding to the worry
]]>ad9850ec-df0e-4aa2-a8e0-6fcb3a8e17e6Fri, 31 Jul 2026 14:47:32 GMT<p>Three of the world’s largest tech spenders have reported earnings so far, with more due today. Two of the three posted EPS gains in excess of 25%. Collectively, the four largest spenders are raising AI capex 82% in 2026 - and are now expected to increase it decisively in 2027 as well.</p><p> </p><p>So why are the beneficiaries of all that spending - tech hardware and semiconductors - falling sharply? Excessive optimism early on, especially for DRAM producers whose shares skyrocketed in the first half. We see the selloff as an opportunity, but more immediately in software, where shares rose during yesterday’s rout and have lagged far behind hardware.</p><p> </p><p>Meanwhile, a confusing Fed and a hostile Iran are causing worries to build.</p><p> </p><p><b>On today's agenda:</b></p><ul><li>The four largest spenders raising AI capex 82% in 2026 - and now 2027 too</li><li>Why hardware and semis are selling off despite the spending surge</li><li>The DRAM unwind after a skyrocketing first half</li><li>Why we see software as the more immediate opportunity</li><li>A confusing Fed and a hostile Iran adding to the worry</li></ul>no00:27:5442The Point - Episode 42full