Insights Now Investing in AI opportunities across markets: Part 2
Mar 19, 2026
Stephanie Aliaga, Global Market Strategist at J.P. Morgan Asset Management who studies AI’s market and investment implications. She maps AI adoption stages and sector hurdles. Short takes cover investor anxieties, agentic AI risks, compute and capex tradeoffs, job impacts, and where to find global and private-market opportunities. Practical framing on diversification and positioning for AI-driven market change.
AI Snips
Chapters
Transcript
Episode notes
AI Has Entered A More Competitive Second Act
- AI's rollout has moved from a concentrated 'act one' into a broader, more competitive 'act two' that changes market dynamics.
- Early winners sold 'picks and shovels' but now moats are porous as new entrants and evolving economics reshape returns.
AI Uncertainty Is Driving Market Volatility
- Markets now price a wide range of AI outcomes from overhype to existential disruption, fueling volatility.
- Key investor anxiety centers on ROI, rising compute costs, and second-order effects like potential consumer demand impacts from layoffs.
Reasoning Models Sparked Rapid Coding Gains
- Reasoning and agentic models that break tasks into steps created a major capability inflection for AI.
- That shift explains dramatic gains in coding assistance where structured verification makes errors easier to catch and iterate.