11AM Hour: Apple Drops After Earnings, Election Day Expectations & Investing in the Private Markets 11/3/26
Summary
This episode covers the market implications of the U.S. midterm elections, with analysts debating whether a Democratic sweep or Republican hold will impact AI policy and fiscal stability. Guests discuss recent earnings from Apple, Palantir, and Shopify, highlighting margin pressures from rising memory costs and the shift toward open-weight AI models. Veteran investor Bob Peck compares the current AI investment cycle to the late-90s tech bubble, while Gabelli’s John Belton argues that hyperscaler fundamentals remain strong despite recent volatility.
Topics discussed
Gemini AI Agent Ad
Fidelity Recurring Investments Ad
Intro: AI Investment Cycle & Anthropic IPO
Apple Earnings: Memory Costs & AI Strategy
Palantir: Commercial Growth & Valuation
John Belton: Tech Fundamentals & Hyperscalers
Preview: Election Impact & Private Markets
VantageScore & SimpliSafe Ads
Midterm Elections: House & Senate Outlook
Morgan Stanley: Policy, M&A & Sector Impacts
Schwab & CNBC Changemakers Ads
Shopify Earnings & Consumer Trends
News: Gaza, Google AI in Schools
Bob Peck: Anthropic IPO & AI Bubble Parallels
Oil Markets: US-Iran Tensions & Prices
AMD Earnings Preview & Semiconductor Outlook
Market Wrap: VIX & Economic Data
Zepbound Ad
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