the call: Wednesday 14 October

Two Australian market commentators rate nine of ten featured stocks "hold," citing AI valuation excess and rate-sensitive earnings risk.

• AI valuation jitters: Andrew Wielandt notes $1.2 trillion in planned AI infrastructure spend needs 15-20% EBIT returns ($150-200bn); AirTrunk delayed its Singapore REIT listing after Firmus Metals' float failure, with Henry Jennings calling the valuations "completely divorced from reality".
• Glencore debuts as stock of the day: ASX-listed CDIs (ticker GLC) opened near AUD 11.22, in line with its London price (£5.30); both hosts prefer BHP for diversified copper/iron ore exposure, calling Glencore a hold.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.