Thoughtful Money with Adam Taggart · Sunday, October 25, 2026
Chance Finucane explained that Oxbow Advisors views the valuation of AI beneficiary stocks as too high, with the downside risk for semiconductor stocks specifically estimated at around 50%. Consequently, the firm focuses on reasonably valued, non-AI positions.
“The downside is 30%. The downside for semiconductor stocks specifically is more like 50%. That's just too much downside for us to meaningfully add or hold positions in those sectors.”