Framework: The 3Ds for AI Risk

What if AI turns out to be less “bubble vs boom” and more a stress test for who can actually turn $660 billion of capex into revenue?

Ben Arnold, Investment Director, Global Equities at Schroders shares the framework his team is using to judge the AI spend and why 2026 is a reminder that your opportunity set is much bigger than the Mag 7.

In this episode:

00:00:00 Investing Beyond The Mag Seven

00:03:34 AI Spending: Boom Or Bubble?

00:10:01 Why This Isn’t Another Dotcom

00:19:32 Finding Opportunities At Market Highs

00:25:31 Two Global Stocks With Upside

00:36:51 One Exceptional Company Explained

Links Mentioned: 🎧 listen to our interview with Portfolio Manager Frank Thormann from Sept, 2025 

Stocks and ETFs mentioned:

Schroder Global Equity Alpha Fund (ASX: ALPH)

Oracle Corporation (NYSE: ORCL)

Alphabet Inc. (NASDAQ: GOOGL)

Microsoft Corporation (NASDAQ: MSFT)

Amazon.com, Inc. (NASDAQ: AMZN)

NVIDIA Corporation (NASDAQ: NVDA)

Broadcom Inc. (NASDAQ: AVGO)

Arista Networks, Inc. (NYSE: ANET)

Monster Beverage Corporation (NASDAQ: MNST)

Morgan Stanley (NYSE: MS)

Tesco PLC (LSE: TSCO)

GSK plc (LSE: GSK)

AstraZeneca PLC (LSE: AZN)

Commonwealth Bank of Australia (ASX: CBA)

Tapestry, Inc. (NYSE: TPR)

Zoom Communications, Inc. (NASDAQ: ZM)

————

This episode is sponsored by Schroders.

You can also find information on investing in the Schroder Global Equity Alpha Fund (ASX: ALPH) here.

————

Want to get involved in the podcast? Record a voice note or send us a message 

And come and join the conversation in the Equity Mates Facebook Discussion Group.

———

Want more Equity Mates?

Across books, podcasts, video and email, however you want to learn about investing – we’ve got you covered.

Keep up with the news moving markets with our daily newsletter and podcast (Apple | Spotify)

———

Looking for some of our favourite research tools?

• Download our free Basics of ETF handbook
• Or our free 4-step stock checklist
• Find company information on TIKR
• Screen the market with GuruFocus
• Track your portfolio with Sharesight

———

In the spirit of reconciliation, Equity Mates Media and the hosts of Equity Mates Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. 

———

Equity Mates Investing is a product of Equity Mates Media. 

This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. 

Equity Mates Media operates under Australian Financial Services Licence 540697.

Hosted on Acast. See acast.com/privacy for more information.