JoAnne Feeney on CNBC: AI Chip Stocks, Market Rotation, and Portfolio Balance
Dr. JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joined CNBC to discuss the evolving technology trade, the importance of selectivity within AI-related chip stocks, and how investors may think about balancing growth opportunities with stability, income, and risk management in today’s market environment.
Interview Date: June 26, 2026
Key Takeaways:
AI chip stocks require selectivity:
Dr. Feeney explained that not all semiconductor companies benefit from the AI boom in the same way, making fundamentals and competitive structure critical considerations.
Memory chips may remain highly cyclical:
While AI demand has supported strong pricing, Feeney noted that memory chips are still commodities, and future capacity additions could pressure prices.
Balanced portfolios can help manage volatility:
Feeney emphasized combining growth-oriented companies with areas that may provide stability, income, and resilience through market fluctuations.