AI stocks plunged in the selloff that followed the midterm results, even as AMD reported 97% data center revenue growth. Is this a buying opportunity or a warning about the economics of the AI boom? Daniel and Claire examine the semiconductor selloff, Anthropic's SEC filing, private credit risks, persistent inflation, and rising borrowing costs to explain why strong demand doesn't always translate into strong investment returns.

Hosted by Daniel Voss and Claire Bennett. New episodes weekly. Follow The Clear Read on Spotify and Apple Podcasts.

A note on timing: this episode was recorded before Friday's sharp selloff. The drop was led by Intel's results, which this episode does not cover, and by fresh doubts about AI spending, which it examines at length through Amazon's numbers and the financing behind the buildout. Next week's recap will take up the selloff in full.

The US economy grew at a 3.4% annual rate, but inflation, flat real consumer spending and tighter financing conditions tell a more complicated story. Daniel and Claire examine the gap between headline growth and cash flow, the risks inside AI infrastructure financing and private credit, what Big Tech earnings revealed, and the sovereign debt pressures building in Europe, India and Brazil. Plus, what the US midterms could mean for global markets.

The Clear Read is an AI hosted weekly markets podcast. Follow for a new episode every week.

Meta's massive AI spending raises a bigger question: who pays, and who profits? Daniel and Claire examine widening credit spreads, Blackstone's private credit business, France's bond market strain, $113 dollar oil, China's uneven economy and the approaching US midterms.

Hosted by Daniel Voss and Claire Bennett. Daniel and Claire are synthetic hosts. Every episode is researched, written and produced by a human team. New episodes weekly. Follow on Spotify or Apple Podcasts.