Zero Sum

About Zero Sum

Zero Sum is a weekly markets and finance podcast from Invezz. Each episode, Harsh, Lead News Editor at Invezz, sits down with analysts and investors to break down one big idea shaping global markets — from geopolitics and earnings to IPOs and everything in between. No noise, no filler. Just sharp analysis on the trades, the trends, and the people moving money. Because in markets, for every winner there's a loser. This is Zero Sum.

Publisher

Invezz

Category

business

Language

en

Explicit

No

First episode

11 May 2026

Latest episode

29 Sept 2026

Latest episodes

15 episodes in the feed.

1. 

   29 Sept 2026

   The Anthropic IPO: Everything you need to know | David Morrison, Trade Nation

   Anthropic IPO live updates: https://invezz.com/invest/anthropic-ipo/ (https://invezz.com/invest/anthropic-ipo/) Anthropic's CEO says AI could pose an existential risk to humanity. At almost exactly the same time, the company is preparing for what could become one of the biggest IPOs in history, with a valuation potentially reaching $2 trillion. So what exactly is Anthropic worth? Anthropic is reportedly targeting a valuation of more than $2 trillion, despite reporting a $42 billion net loss in 2025, while revenue surged to almost $4.6 billion. The company is also preparing for hundreds of billions of dollars in future computing and infrastructure commitments as it races to develop Claude and compete at the frontier of artificial intelligence. In this episode: 🔹 Anthropic IPO: Everything You Need to Know 🔹 Anthropic IPO date: When will Anthropic go public? 🔹 Anthropic stock: Can you buy Anthropic shares? 🔹 Is Anthropic really worth $2T? 🔹 How much is Anthropic actually worth? 🔹 Dario Amodei: Why is the Anthropic CEO warning that AI could wipe out humanity? 🔹 Anthropic AI safety: Why is Anthropic warning about AI risks before its IPO? 🔹 Anthropic vs OpenAI: Which AI company will win the AI race? 🔹 AI bubble: Are AI stocks and AI companies overvalued? 🔹 AI stocks crash: What happens if the AI bubble bursts? CHAPTERS: 00:00 - Anthropic IPO: Is Anthropic Worth $2 Trillion? 01:51 - Anthropic IPO: Why Is Anthropic Going Public? 03:20 - Anthropic AI Safety: Why Does Anthropic Want AI To Slow Down? 04:30 - Anthropic IPO vs AI Safety: Does The IPO Contradict Its Warning? 05:10 - Anthropic Valuation: Is Anthropic Building An AI Moat? 06:43 - Anthropic $2 Trillion Valuation: How Did Anthropic Become Worth $2T? 07:41 - Anthropic Stock: Who Decides What Anthropic Is Worth? 08:22 - SpaceX IPO: What Can Anthropic Learn From SpaceX? 09:28 - Anthropic Stock: What Happens When Shares Unlock? 09:54 - Anthropic Valuation: How Do You Value An AI Company? 11:20 - Anthropic IPO: Can Anthropic Justify Its $2 Trillion Valuation? 12:05 - AI Safety: Could AI Actually Wipe Out Humanity? 13:04 - AI Bubble: Is The AI Industry Funding Itself? 14:05 - AI Stocks: Are Investors Too Optimistic About AI? 15:37 - AI Development: Is AI Starting To Build Itself? 16:04 - AI Stocks Crash: Could AI Cause A Stock Market Crash? 17:20 - Meta AI: Why Did Meta's AI Agent Move The Market? 17:45 - AI Stocks: Is AI Destroying The SaaS Industry? 18:32 - Nasdaq 100 20:47 - AI Models: Will AI Become A Commodity? 21:32 - AI Investing: Will People Actually Pay For AI? 23:02 - Will AI Become A Monthly Subscription? 24:02 - Which AI Companies Will Win? 25:39 - SaaS Apocalypse 26:40 - Anthropic vs OpenAI 27:11 - Anthropic vs Meta: Which AI Business Model Wins? 29:30 - Can Chinese AI Companies Undercut Anthropic? 30:44 - Chinese AI: Could Cheap AI Crash AI Stocks? 31:26 - AI Data Privacy: Should You Be Worried About AI Data Collection? 33:16 - AI Privacy: How Much Does AI Know About You? 35:05 - AI Liability: Could AI Companies Face Huge Liability Costs? 36:17 - AI Regulation: Will Governments Regulate Artificial Intelligence? 37:44 - UK AI: Can The UK Compete In The AI Race? 39:10 - US vs China AI: Will The World Be Split Between US And China? 41:20 - Anthropic IPO: Should You Invest In Anthropic? 42:20 - Anthropic Stock: What Should Investors Watch After The IPO? 44:40 - David Morrison's Bullish, Bearish & Wildcard 48:02 - Curveball Find out more about David Morrison and Trade Nation here: https://tradenation.com/ (https://tradenation.com/) Music from Uppbeat: License code: 2NYDXCEU2IIVVYVZ The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here. Sources: https://invezz.com/invest/anthropic-ipo/ (https://invezz.com/invest/anthropic-ipo/) https://invezz.com/news/2026/09/29/anthropic-ipo-filing-warns-its-ai-could-blackmail-manipulate-and-threaten-humanity/ (https://invezz.com/news/2026/09/29/anthropic-ipo-filing-warns-its-ai-could-blackmail-manipulate-and-threaten-humanity/)

2. 

   14 Sept 2026

   Has the Trump Presidency changed US stock markets forever - David Morrison, Trade Nation

   Has the Trump Presidency changed US stock markets forever? | David Morrison, Trade Nation The Trump presidency is changing the way investors think about US stock markets. From tariffs and Trump’s Truth Social posts to government stakes in major companies, the AI boom and prediction markets, politics and financial markets have never been more closely connected. In this episode of Zero Sum, Harsh speaks with David Morrison, Senior Market Analyst at Trade Nation and regular Invezz columnist, about how Donald Trump is changing financial markets, whether traditional investing fundamentals still matter, and what investors should watch next. They discuss Trump’s tariffs, social media influence, early access to market-moving information, government investment in companies including Intel, and the growing influence of US policy on companies such as Nvidia. The conversation also explores the Trump administration’s impact on the AI trade, interest rates, the US dollar and competition with China. Harsh and David examine whether a change in government could trigger an AI bubble burst and whether today’s market has similarities with the dot-com bubble, meme stocks and crypto. They also discuss prediction markets, political risk, portfolio management, market concentration, leverage and what could happen if the AI trade begins to unwind. David finishes by revealing his bullish, bearish and wildcard market views, including US Treasuries, Bitcoin and the AI trade. In this episode: Trump and the stock market: Has Donald Trump permanently changed US financial markets? Trump tariffs and investing: How investors learned to interpret Trump’s tariff threats. Trump Truth Social posts: How presidential social media posts can move financial markets. Trump and market volatility: Why politics now has a much more direct impact on investors. Trump and government investments: Why the US government is taking stakes in companies including Intel and other strategically important businesses. Nvidia and China: How US policy and the China trade war could affect Nvidia and the AI industry. Trump and the AI boom: How interest rates, the US dollar and government policy could influence AI stocks. AI bubble: Could a change in government cause the AI trade to collapse? Prediction markets: Are political betting markets changing the way people invest? Stock market crash risk: What could happen if AI market concentration and leverage unwind? Bitcoin price outlook: Why David is bearish on Bitcoin in the short term but bullish over the long term. Bullish, bearish and wildcard market views: David reveals his key market bets. Find out more about David Morrison and Trade Nation here: https://tradenation.com/en-eu/knowledgebase/authors/david-morrison/ (https://tradenation.com/en-eu/knowledgebase/authors/david-morrison/) Music from Uppbeat: License code: Q9GELZCLZH1PWACE The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests, and due diligence should be done before acting on anything you hear here. #Trump #StockMarket #Investing #AIStocks #Bitcoin #PredictionMarkets #USMarkets #Finance

3. 

   7 Sept 2026

   Market News: The return of the "debasement trade" | Alexander Lis, SDV

   What happens when a routine Treasury debt operation sends gold and Bitcoin higher, while the dollar weakens? Is the market seeing a genuine return of the “debasement trade”, or are investors reading too much into a change in how the US government manages its debt?On August 19, the US Treasury announced it would double the size of its long-term debt buybacks. Within days, gold was making three-month highs and Bitcoin had jumped more than 20%. But a Treasury buyback is not the same thing as quantitative easing, and understanding that distinction is key to understanding what markets are actually pricing in.In this episode of Invest Zero Sum, Harsh V sits down with Alexander Lis, Chief Investment Officer at SDV, to unpack the debasement trade, Treasury buybacks, QE, inflation, interest rates and what the latest moves could mean for gold, Bitcoin, crypto and stocks.Find out more about Alexander & his work with SDV here: https://sdventures.ai/### In this episode:🔹 **What is the debasement trade?** Alexander explains what investors actually mean when they talk about debasement and why the narrative has become so popular.🔹 **Is a Treasury buyback the same as QE?** We break down the difference between Treasury debt management and quantitative easing, including how the operations are funded.🔹 **Why did gold and Bitcoin jump?** If no new money is entering the system, why did markets react so strongly?🔹 **Is the crypto rally real?** We look at positioning, volatility and whether Bitcoin and other crypto assets could give back their gains if the current sentiment fades.🔹 **What happens if the debasement trade unwinds?** Alexander explains why crypto could face the most pain, while gold and growth stocks could also be affected.🔹 **What should investors watch next?** From the September FOMC meeting and August CPI to the next Treasury Quarterly Refunding Announcement, we discuss the events that could shape the next move in markets.Alexander also reveals what he is currently **bullish, bearish and watching as his wild card**, before discussing how he switches off from the world of finance, markets and news.CHAPTERS:00:01:42 What exactly is the debasement trade?00:03:28 Is a Treasury buyback the same as QE?00:05:13 Why did gold and Bitcoin jump?00:07:53 Is the crypto rally actually real?00:09:12 What happens to rates and the dollar next?00:10:35 Could the US become the next Japan?00:12:05 What trade gets crushed if debasement unwinds?00:13:26 What should investors watch before the buybacks start?00:14:29 What will the Fed do next?00:16:06 Why does monetary policy matter to everyone?00:17:33 What are you bullish, bearish and watching?00:19:19 How does a CIO switch off?00:22:00 The final takeawayMusic from Uppbeat:License code: Q9GELZCLZH1PWACEDISCLAIMER:The information discussed in this episode is for educational and informational purposes only and should not be considered financial or investment advice. Always conduct your own research and consult a qualified financial professional before making investment decisions.#Investing #Trading #Gold #Bitcoin #Crypto #Stocks #Finance

4. 

   1 Sept 2026

   AI Investing: Before You Let AI Manage Your Portfolio | Bruce Keith, InvestorAi

   AI is rapidly changing the way people invest, but should you really let an AI decide what happens to your money? With AI-powered investing tools becoming increasingly accessible to retail investors, the question is no longer whether AI can analyse markets — but whether it can be trusted to make investment decisions.In this episode of Zero Sum, Harsh speaks with Bruce Keith, CEO and co-founder of InvestorAi, about how artificial intelligence is changing investing, why most people are using ChatGPT and other large language models incorrectly when picking stocks, and how AI can identify patterns that would be impossible for a human investor to process. They discuss the evolution from traditional quantitative and symbolic AI to neural networks, computer vision and modern AI-driven investment platforms.They also explore how much control investors should give AI, why transparency and track record matter, what investors should look for before trusting an AI-powered portfolio with real money, and whether regulators are keeping pace with the rapidly changing investment landscape. Bruce explains why he believes AI is particularly powerful for short-term decisions, while humans remain better suited to longer-term investment decisions.The conversation also looks at the future of automated investing, including AI-driven risk controls, auto-execution, AI systems inside banks and financial institutions, and the wider impact of AI on jobs and society.Plus, Bruce reveals his bullish, bearish and wildcard picks — including Indian infrastructure and JSW Steel, US leadership, and why his wildcard might be listening to the younger generation.CHAPTERS[00:00] - Can AI Really Pick Stocks?[02:27] - How Did AI Investing Begin?[04:35] - Symbolic AI vs Neural Networks[07:02] - Are People Using ChatGPT Wrong for Investing?[08:09] - What Is AI Actually Good At?[09:41] - How Does InvestorAI Pick Stocks?[13:25] - Can Retail Investors Access AI Investing?[14:29] - Why Knowing When to Sell Matters[15:50] - Is AI Better at Short-Term Investing?[18:00] - Should You Use AI and Humans Together?[19:54] - How Much Control Should AI Have?[22:36] - Can You Trust an AI With Your Money?[24:39] - Why Does Transparency Matter?[26:13] - How Should You Measure an AI Investment Tool?[27:15] - Are Regulators Keeping Up With AI?[29:19] - Who Is Responsible When AI Gets It Wrong?[30:44] - Where Is AI Investing Heading?[31:21] - AI Inside Banks and Financial Institutions[32:35] - Will AI Start Trading Automatically?[33:45] - How Much Risk Should AI Take?[34:11] - Will AI Take People's Jobs?[35:44] - The One Question Investors Should Ask[37:28] - Bruce's Bullish, Bearish & Wildcard Picks[37:45] - Bullish: Indian Infrastructure & JSW Steel[38:55] - Bearish: US Leadership[39:19] - Wildcard: Should Investors Listen to the Youth?[40:47] - Life in Mumbai & How Bruce De-stresses[42:33] - Football, Cycling & Life in IndiaFind out more about Bruce Keith and InvestorAi here: https://investorai.inMusic from Uppbeat: License code: Q9GELZCLZH1PWACEThe content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.#AI #Investing #ArtificialIntelligence

5. 

   21 Aug 2026

   The resurgence of AI stocks | David Morrison, Trade Nation

   The AI trade has gone from a brutal semiconductor sell-off to record highs in just weeks. But with NVIDIA approaching earnings, Micron selling out its HBM capacity, and billions of dollars flowing between companies across the AI ecosystem, is the AI boom built on real earnings growth, or are investors looking at a circular AI economy?In this episode of Zero Sum, Harsh speaks with David Morrison, Senior Market Analyst at Trade Nation, about the semiconductor stock rally, NVIDIA's upcoming earnings, Micron's AI chip demand, and whether the enormous spending on AI infrastructure can continue.They also discuss Michael Burry's concerns about NVIDIA's financing arrangements, NVIDIA's investment in SpaceX, SpaceX's IPO and share lockups, hyperscaler spending, AI stocks, leverage and risk management. Plus, David reveals his bullish outlook for gold and silver, his bearish view on oil, and his wildcard for the US dollar.In this episode:NVIDIA and AI stocks: What investors should watch ahead of NVIDIA's upcoming earnings, including margins, guidance and customer demand.The semiconductor sell-off: Why semiconductor stocks fell sharply before staging a major recovery.Micron and HBM demand: Why Micron has sold out its high-bandwidth memory capacity and what this says about AI chip demand.Is AI spending actually paying off?: Whether the huge investment in AI infrastructure is translating into real earnings and revenue growth.Michael Burry's NVIDIA warning: Why Burry has raised concerns about circular financing in the AI ecosystem.The circular AI economy: Are AI companies increasingly investing in one another and creating a cycle of capital across the sector?NVIDIA and SpaceX: What NVIDIA's investment in SpaceX tells us about the increasingly interconnected AI investment landscape.SpaceX stock and lockups: Why SpaceX's share price fell after its IPO and what upcoming share lockups could mean for investors.AI infrastructure spending: Why hyperscalers are increasingly turning to debt and other sources of capital to fund the AI boom.AI stock risk management: What investors holding NVIDIA, Micron and other technology stocks should consider as volatility increases.The AI bubble debate: Could the current AI boom eventually resemble the dot-com bubble, or are we still in the early stages of a transformative technology?Gold and silver: Why David is bullish on precious metals and believes gold and silver could have further upside.Oil: Why David is bearish on oil despite ongoing geopolitical uncertainty.The US dollar: David's wildcard for investors and why he believes the dollar could rally.CHAPTERS:00:00 - Is the AI Trade Back?02:40 - Why Did Semiconductor Stocks Crash?05:29 - Is AI Spending Actually Paying Off?06:02 - Why Is Micron Selling Out Its HBM Capacity?08:29 - Could AI Chips Become Obsolete?10:11 - What Should Investors Watch in NVIDIA's Earnings?12:02 - Is Michael Burry Right About NVIDIA?14:12 - Why Is NVIDIA Investing in SpaceX?15:00 - Is the AI Economy Becoming Circular?18:43 - What Happened to SpaceX Stock?19:55 - What Is a Stock Lockup?23:03 - How Much Is AI Infrastructure Really Costing?24:20 - When Should Investors Sell AI Stocks?26:57 - How Risky Are AI Stocks?27:12 - Should You Use Leverage When Trading AI Stocks?28:01 - Is Gold About to Rally?28:40 - Is Silver the Next Big Trade?29:26 - Why Is David Bearish on Oil?31:07 - Could the US Dollar Rally?31:53 - David Morrison's Bullish, Bearish and the Wildcard picks.Find out more about David Morrison and Trade Nation here: https://tradenation.com/Music from Uppbeat: License code: Q9GELZCLZH1PWACEThe content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.#AI #NVIDIA #investing

6. 

   17 Aug 2026

   US' mideast troubles, China relations | Anita Kellogg, Kellogg's Global Politics

   America is fighting a prolonged war with Iran while simultaneously trying to reset relations with its biggest strategic rival, China. In this episode of Zero Sum, Harsh speaks with Dr. Anita Kellogg, an international relations scholar and host of Kellogg’s Global Politics, about what the Iran conflict means for US military power, how the Strait of Hormuz gives Iran unexpected leverage, and whether China is benefiting from America’s strategic overstretch. We also discuss the upcoming Trump–Xi summit, critical minerals, semiconductors, AI, Taiwan, and what all of this could mean for investors navigating an increasingly unpredictable geopolitical landscape. CHAPTERS: 00:00 - What's Happening in the Iran War? 02:18 - Is America Still the World's Biggest Superpower? 03:35 - What Are America's Goals in the Iran War? 04:27 - How Is Iran Able to Fight the US? 06:53 - Why Is the Strait of Hormuz So Important? 07:50 - How Is the Iran War Affecting the US Economy? 09:08 - Is America Losing Its Military Power? 10:56 - Is China Benefiting From the Iran War? 12:27 - Will Trump and Xi Jinping Meet? 13:41 - Is the US-China Relationship Getting Weaker? 13:46 - Why Are Rare Earth Minerals So Important? 15:31 - What Does China Want From the US? 16:18 - Could China Take Taiwan? 18:25 - How Will AI Affect US-China Relations? 18:48 - Why Are Critical Minerals Important for AI? 19:00 - Why Are Semiconductor Chips So Important? 21:29 - How Does Geopolitics Affect Your Investments? 22:16 - How Should Investors Invest During Geopolitical Uncertainty? 23:00 - Will Oil Prices Keep Rising? 23:00 - Is There an AI Stock Market Bubble? 23:51 - Anita Kellogg's Bullish, Bearish and Wildcard 24:05 - When Will the Iran War End? 24:21 - Are Defense Stocks a Good Investment? Find out more about Anita Kellogg and Kellogg's Global Politics here: Find out more about Anita Kellogg and Kellogg's Global Politics here: https://www.kelloggsglobalpolitics.com/ The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here. Music from Uppbeat: License code: Q9GELZCLZH1PWACE #geopolitics #investing #worldaffairs

7. 

   7 Aug 2026

   Who will survive the next crypto cycle | Eamonn Gashier, Block Scholes

   Block Scholes reads institutional crypto sentiment for a living, and right now the market's own risk gauges are flashing something more interesting than the headline price chart.Eamonn Gashier, the man who built that gauge, joins Zero Sum to talk fear, tokenisation, and why every exchange on earth suddenly wants to sell you a stock.CHAPTERS:00:00 - What's Happening in the Crypto Market in 2026?01:34 - Is Bitcoin's Drop Normal or the End of the Cycle?03:05 - Where Did Retail and Institutional Crypto Capital Go?04:45 - What Does Blockscholes' Risk Sentiment Index Measure?06:20 - What Is Blockchain and Why Does It Matter Now?09:30 - Why Do Some Tokens Survive While Others Don't?11:00 - What Does Market Sentiment Indicate for the Next Cycle?13:30 - Will Tokenization Be Bigger Than Cryptocurrencies?16:20 - What Are Vaults and Why Will They Be a Trend?18:30 - Do Prediction Markets Work Better Than Polls?21:30 - How Do Government Policies Affect Crypto?24:00 - What Should the UK Do to Lead in Crypto?26:30 - How Will On-Chain Trading Change Traditional Markets?31:00 - What's Eamonn Gashier's Most Bullish, Bearish, and Wildcard Pick?Find out more about Eamonn and Block Scholes here: https://www.blockscholes.comThe content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.#investmentnews #bitcoin2026 #bitcoinanalysis

8. 

   24 Jul 2026

   The club nobody asked for, but everyone wants in | Wajeeh Khan, Stock Market Analyst

   Apple was the first. That was 2018. Now there are 14 members — and SpaceX is knocking on the door at nearly $2 trillion. In this episode of Zero Sum, I sit down with Wajeeh Khan, stock market analyst at Invezz, to break down what it actually takes to crack the Trillion Dollar Club, why AI is rewriting the rules of market valuation, and what happens when a dozen mega-cap giants are all fighting for the same chips, the same power, and the same investor dollars. CHAPTERS: 00:00 - Welcome: Podcasting Is Harder Than It Looks 01:00 - The Trillion Dollar Club: From 1 to 14 Members 02:00 - Greetings From Baku (And How Many Zeros in a Trillion?) 03:30 - What Changed? AI Reshuffled the Leaderboard 05:30 - OGs, Reinvented & AI-Natives: The Three Buckets 08:15 - Nvidia: From Gaming Cards to Trillions 12:45 - The $700 Billion Build-Out: What Are Hyperscalers Buying? 15:30 - Why Chip Shortages Make Stocks Go Up 17:40 - CapEx Tripled: When Is It Too Much? 20:20 - SpaceX at $1.75 Trillion: The Bull Case (And What They Hope You Miss) 26:45 - Anthropic's Trillion-Dollar IPO: Is Enterprise Enough? 29:45 - Can Wall Street Absorb $3 Trillion in New Supply? 32:10 - Bullish, Bearish & Wildcard Featuring Wajeeh Khan - follow him on LinkedIn here: https://www.linkedin.com/in/wajeehkhan93/ (https://www.linkedin.com/in/wajeehkhan93/) The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here. #SpaceX #MarketNews #Investing

9. 

   17 Jul 2026

   why everyone's suddenly nervous about AI stocks | Dr. Richard L. Peterson

   Everyone's calling this an AI bubble — but is it actually one, or are we all just panicking because Michael Burry made a bet? This week, I sit down with Dr Richard Peterson, the behavioural economist behind MarketPsych (once dubbed "Wall Street's top psychiatrist" by the AP), to actually measure the psychology behind the AI trade instead of just vibing about it. We get into why sentiment data has been sliding since October, why this bubble is more "sober" than dot-com (spoiler: these companies actually make money), what really happened when Burry's Nvidia and Palantir puts went public, and why companies outside AI are getting punished for not having an AI story to tell. Then we go somewhere most bubbles take a skip entirely: the layoffs. AI was cited in roughly 40% of all US job cuts in May 2026 — the highest share on record — and Gartner's own research found no link between those cuts and any actual return on investment. So is this discipline, or just a story markets want to hear? 00:00 Why Markets Crash 00:43 AI Hype And Bubble Risk 01:43 Nvidia Shock And Guest Intro 02:58 How Sentiment Data Works 04:56 AI Sentiment Cycles Since ChatGPT 06:10 Dotcom Parallels And Competition 09:42 Speculation Signs And IPO Liquidity 11:58 Influencers And Herd Psychology 15:09 Winners Losers In AI Supply Chain 17:22 Jobs Narrative And Real Data 19:54 Are We In A Bubble 22:03 Bullish Bearish Wildcards 23:13 Wrap Up And Post Chat

10. 

    3 Jul 2026

    Is Britain Broken? Decoding Starmer's Exit and What Comes Next | David Morrison, Trade Nation

    Britain just lost another Prime Minister. Keir Starmer resigned on 22 June 2026 — less than two years after winning one of Labour's biggest ever election landslides — making him the sixth Prime Minister to leave Downing Street in under a decade. Andy Burnham, the former Mayor of Greater Manchester, is almost certain to be next. In this episode, Invezz Lead News Editor Harsh Vardhan sits down with David Morrison, Senior Market Analyst at Trade Nation, to ask the harder question: is Britain actually broken? Not as a vibe — as a structural economic problem. The pound is down. The FTSE chronically underperforms. HS2 started at £32 billion in 2011 and is now heading toward £103 billion, won't open until 2039, and was originally supposed to launch this year. Meanwhile, the US and China are pouring hundreds of billions into AI, and Britain is watching from the sidelines. 00:00 - Intro 01:05 - Welcome: Starmer Resigns 03:10 - Is Britain Actually Broken? 06:45 - Starmer's Torrid Time 08:55 - What Does Foreign Money Think? 10:40 - Larry the Cat: Britain's Most Stable Politician 11:45 - Why Didn't the Markets Flinch? 13:50 - Why Are Americans Obsessed With British Politics? 16:25 - Is the UK Falling Behind on Tech? 19:10 - What Will Andy Burnham Actually Do? 20:30 - Bullish, Bearish & Wildcard The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

11. 

    20 Jun 2026

    BREAKING: Strait of Hormuz closed, again? Oil shock, peace talks, and what happens next.

    On Saturday the 20th of June, 2026, Iran announced closure yet again for the Strait of Hormuz... The US and Iran have confirmed a deal to reopen the Strait of Hormuz, ending a 3.5-month blockade that choked off roughly a fifth of global oil flows. Markets reacted fast. Asian stocks surged as much as 5.7%, and Brent crude fell more than 4% in early Monday trading. The winners and losers are already taking shape. Airlines, hammered all year by sky-high jet fuel costs, are the most obvious beneficiaries. Tankers, the hot trade of Q1, face a sharp reversal. But this isn't a light switch, mines still need clearing, and infrastructure damage across the Gulf means the reopening will be gradual. So what does it actually mean for your money, and where should you be putting it? Wajeeh Khan, Invezz stock market analyst, joins Lead News Editor Harsh to break it down. Chapters: 00:00 Oil Shock Teaser 00:35 Iran US MOU Bombshell 02:35 Hormuz Reopening Explained 05:41 Why The Deal Happened 08:11 Nuclear Nuance And Risks 12:09 Where Oil Prices Settle 17:31 Markets Winners And Losers 19:19 Fed Inflation And Playbook 23:36 ROMO And SpaceX Detour 26:28 Bullish, Bearish and Wild Card 28:02 Wrapping up #StraitOfHormuz #Investing #StockMarket #OilPrices #BrentCrude #MOU #Geopolitics #OilMarkets #Iran #MiddleEast #Invezz #ZeroSum -------------------- The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

12. 

    11 Jun 2026

    SpaceX IPO: is Elon Musk asking for too much?

    SpaceX is going public, and the numbers are staggering. A $1.75 trillion valuation and a $75 billion raise make this one of the most anticipated, and most controversial, IPOs in Wall Street history. But is it actually worth it?In this episode of Invezz Zero Sum, host Harsh Vardhan sits down with David Morrison, Senior Market Analyst at Trade Nation, to break down what SpaceX's IPO really means for investors. They dig into how the company is being valued, what risks the market might be ignoring, and whether retail investors should be excited... or very, very cautious.If you have ever wondered how a rocket company gets valued higher than most of the world's economies, this is the episode for you.Biggest IPO in history: Let's work out if it's worth buying.00:00 (https://www.youtube.com/watch?v=bz4tlg6GTX8) SpaceX Launch01:00 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=60s) Welcome to Zero Sum02:30 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=150s) Marmite Musk: Love Him or Hate Him04:00 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=240s) $75 Billion for a Company That Lost $5 Billion05:45 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=345s) The 42% Voting Power Problem08:30 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=510s) Will This Money Fund a Trip to Mars?11:30 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=690s) The Starlink Bet14:15 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=855s) The Kill Switch Problem15:30 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=930s) xAI: An "Indeterminate" Moat18:30 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=1110s) Morningstar's Bearish Case22:00 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=1320s) Markets vs National Security23:15 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=1395s) Bullish, Bearish & Wildcard25:30 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=1530s) Living Forever: The AI Healthcare Wildcard27:45 (https://www.youtube.com/watch?v=bz4tlg6GTX8&t=1665s) Sign OffTune in to more of David Morrison's insights at TradeNation: https://tradenation.com/knowledgebase/authors/david-morrison/The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

13. 

    23 May 2026

    The $1.75 trillion question: Is SpaceX IPO worth the hype?

    Elon Musk filed the paperwork on April 1. No, really. In this episode of Zero Sum, I'm joined by Wajeeh Khan — stock market analyst at Invezz — to break down what the SpaceX IPO actually means for markets, for retail investors, and for the question nobody on Wall Street wants to answer out loud: is a $1.75 trillion valuation real, or is it the most expensive story ever sold on a Nasdaq listing? We get into why Starlink is carrying the entire financial case for a company that lost nearly five billion dollars last year, what the xAI merger actually did to the balance sheet, and whether allocating 30% of the IPO to retail investors is democratisation — or just very elegant distribution. Rockets. Satellites. AI losses. Bitcoin on the balance sheet. Data centres in orbit. It's all in here. Biggest IPO in history. Let's work out if it's worth buying. 00:00 Trailer 01:12 Intro 01:47 SpaceX IPO Shock 03:27 Wajeeh welcome 04:55 Why Go Public Now? 08:13 xAI Merger Explained 10:56 Financials Get Weird 12:45 Starlink Carries It 14:09 Valuation Moonshot 16:32 Governance Retail Risk 18:01 Advice For Retail 20:46 Closing Takeaways 21:48 Bullish, Bearish & Wildcard 24:21 Final Sign Off #SpaceX #SpaceXIPO #Starlink #ElonMusk #IPO #StockMarket #Investing #xAI

14. 

    16 May 2026

    Trump meets Xi: The power play in China

    Trump landed in Beijing. Xi was waiting. And somewhere on Air Force One, Jensen Huang was probably thinking about chip export controls. In this episode of Zero Sum, I am joined by Clem Chambers — investor, author, and CEO of aNewFN— to break down what the Trump-Xi summit actually means for markets, for the AI war, and for the Taiwan question that nobody in the room wanted to answer out loud. We get into why artificial intelligence has become the single most contested battleground in US-China relations, whether the billionaire delegation was genuine diplomacy or very expensive theatre, and what Clem is bullish on, bearish on, and watching closely as the dust settles. Big trip. Bigger stakes. Let's work out who's actually winning. Chapters 00:00 Intro 00:55 Welcome to Zero Sum 01:30 BYOB: Trump's Billionaire Road Trip 02:55 The Jensen Huang Snub (And Why It Doesn't Matter) 03:45 Nixon to Beijing, Trump to Beijing: The Return Match 06:30 Ships, Steel & Rare Earth: America's Dependency Problem 07:45 Globalism vs America First 09:30 The Robot Race America Already Lost 12:30 Gold Is the Currency of War 13:30 Taiwan 2027: How Close We Came to WWIII 17:30 You Can't Win AI Without Taiwan's Chips 19:00 What If the Summit Goes Sideways? 21:15 -Bullish, Bearish & Wildcard Watch more of Clem's content here: https://www.youtube.com/@ClemChambersAlpha The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

15. 

    11 May 2026

    Musk vs Altman: the lawsuit that could break AI

    Elon Musk gave $38 million to a nonprofit. That nonprofit is now worth $852 billion. And Elon wants $134 billion of it back. Welcome to the most expensive donor's remorse in Silicon Valley history. This week on Zero Sum, we dig into the trial that could blow up the biggest IPO Wall Street has ever seen — a company losing $14 billion a year, a CEO with zero equity, and a courtroom bombshell where Musk admitted his own AI trained on OpenAI's models. Chapters: 00:46 OpenAI Origins And Lawsuit 01:18 Meet The Analyst 02:05 Musk Motives And Demands 04:54 Who Markets Root For 07:52 Grok Bombshell Optics 11:24 Why This Ends In Settlement 13:46 Trillion Dollar IPO Math 16:31 Circular Financing Explained 20:18 Stock Exposure And What To Do 22:57 Winners Losers Wildcard 24:31 Wrap Up And Sign Offhis is a video about Musk vs Altman: the lawsuit that could break AI The content on Zero Sum is provided for informational and entertainment purposes only and does not constitute financial, investment, legal, or tax advice. The views expressed are those of the hosts and guests and due diligence should be done before acting on anything you hear here.

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