Editorial companion

What stands out

Ayako Yoshioka, a senior investment strategist at Wealth Enhancement, pushes back on the idea that artificial intelligence is a single, uniform trade and highlights a shift from model training to agentic use, software that can take actions rather than just make predictions. She also questions the sustainability of the S&P 500’s current earnings power while naming specific stock ideas to play different parts of the AI story. The clip matters because it frames AI as a set of distinct profit pools, not one monolithic bet, which changes how you think about picking winners and sizing positions.