In this episode of the Why Invest? podcast, hosts Luke Hyde-Smith and Tom Saville speak with Matthew Smith, Co-Founder of QSM Asset Management and a global equities investor. Taking the bearish side of our AI Bull vs Bear series, Matthew shares his perspective on why the current wave of enthusiasm around AI may not translate into the investment returns many expect.

The conversation explores the scale of the recent AI-driven investment boom and the role it has played in driving equity market performance, particularly in the US. Matthew explains why he believes the market may be pricing in too much optimism and discusses some of the economic and competitive challenges facing the sector.

They also examine the broader implications for investors and the global economy, including how the AI cycle could influence markets, interest rates and sector opportunities over the coming years.

If you would like further information about anything discussed in this episode, please do get in touch: whyinvest@w1m.com.

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