The David Lin Report · Tuesday, July 14, 2026
For the 'Mag 7' stocks to regain leadership, Peter Boockvar suggests they would need to halt capital expenditure at current levels, which would negatively impact semiconductor stocks. He also believes they need to reverse the "dramatic deterioration in free cash flow," which he doesn't see happening.
“Uh, well, they would have to halt, uh, capex spend at these levels, which on the other hand would mean that semiconductor stocks would get destroyed.”
“Uh, they would need to reverse this dramatic deterioration in free cash flow.”
“But you know, the people that are laying on top of it, like the Amazons of the world, the Googles, the Metas, you know, they're, they're using that infrastructure. They're not building it.”