Unlikely AI market peaks until leading companies have gone public, says Deepwater's Munster

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Deepwater Asset Management 6.0
Hedge Fund
Gene Munster 9.0

Unlikely AI market peaks until leading companies have gone public, says Deepwater's Munster

ndx

one of them at the highest level is that the NASDAQ will be up more than 10% driven by AI Prediction is based on the AI growth story continuing and investor fears subsiding, with a timeframe implied by 'going into 2026' and 'next year'.

6 calls

-+0

no reliable edge (random outcomes)

10/31/2025 4:21:34 PM	short term up	7 days later	-1.39%	-1.39%
9/29/2025 11:27:56 PM	medium term up	20 days later	+1.87%	+1.87%
9/9/2025 8:50:07 PM	short term up	5 days later	+1.86%	+1.86%
8/12/2025 2:11:31 PM	medium term up	20 days later	-2.59%	-2.59%

Show all 4 ndx results

Introduces Gene Munster from Deepwater to discuss the tech/AI trade outlook for 2026.

Scott
Gene Munster

Advises staying the course on Broadcom, citing early stages of AI and custom silicon.

Focuses on tracking the number of qualified vs. potential customers as a key metric for accelerating growth. Notes stock performance is tied to growth acceleration/deceleration.
Asks if AI optimism will continue to drive stocks higher into 2026 or if next year will be about 'everything else'.

Scott
Gene Munster

States next year is about AI and predicts the NASDAQ will be up more than 10%, driven by AI.

Argues that investor fears (since Oct 30) of the AI trade ending will subside going into 2026, leading to a rebound in optimism. Notes the Mag 7 are down 10% recently but the Nasdaq has been 'hanging in there'.

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