Sharesify talk: AI doom, Guinness and tequila sales at Diageo (DGE)

In our latest podcast, Sharesify’s Steven Frazer, Ian Conway and James Crux talk AI doom, Guinness and tequila sales at Diageo (DGE). They also discuss a shrinking investment trust sector and loads more.

Steve kicks us off with a look at Citrini Research’s bleak AI future. He discusses why markets are so worried, and what the impacts might be. Furthermore, he flags Sharesify’s feature on the topic, plus IBM’s (IBM) worst daily decline in 25 years. James talks us through Diageo’s recent report and the cuts to guidance. He also notes a dividend slashed as CEO ‘Drastic Dave’ Lewis tries to push recovery.

The chaps then turn to a shrinking investment trusts space as Smithson (SSON) shareholders vote through its switch from trust to open-ended fund. There are huge implications as more than half of shareholders head for the exit door. There’s also the merger of two BlackRock trusts. Additionally, they ponder if it might tie co-manager Dan Whitestone’s hands.

Nvidia, LSE and Rolls

There’s a brief wrap of Ian and Steve’s recent discussion with Share Soc’s Mark Northway, which proved interesting and surprisingly is equal measures (tune in here). They talk through trust mergers, trust-to-OEIC shifts and the age-old debate around buybacks or dividends.

A quick chat about why guidance is so important, then results worth watching later this week. AI chip champ Nvidia (NVDA) is set to ignite the excitement touchpaper after the bell this evening. There’s also London Stock Exchange (LSEG). Meanwhile, Tate & Lyle (TATE) and the upgrade cycle at Genus (GNS) are likely to grab James’ attention. Before the near-three-time FTSE 100 best performer Rolls-Royce (RR.) reports Thursday.

All this and more. So if you want to get involved, email us your thoughts, suggestions and questions at editorial@sharesify.com. For those tuning in via YouTube directly, please remember to click Like and subscribe to our channel.

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And if you’re a company, fund or investment trust, and you’d like to get your voice heard on the podcast, here’s your chance. Just email us at editorial@sharesify.com and we’ll do the rest.