Market videos

Molly Pieroni of Yacktman Asset Management favours Alphabet and Microsoft for the long term through a volatile AI investment cycle. In this Schwab Network interview, she argues that Alphabet's search disruption must be weighed against its advertiser relationships and capacity to invest. She sees Microsoft's broad businesses and valuation as support. Her central filter is durable operations, balance-sheet strength and access to capital, rather than the next month's market swings.