Dr. JoAnne Feeney, Partner and Portfolio Manager at Advisors Capital Management, joined Bloomberg to discuss why AI-related profits continue to support markets, how higher bond yields and inflation pressures may affect portfolio positioning, and why incumbent software and cybersecurity companies may remain well positioned as AI adoption expands across the economy.
Interview Date: May 26, 2026
Key Takeaways
AI growth remains a major market driver: Dr. Feeney noted that strong margins, supply shortages, and large-scale investment across semiconductors, GPUs, cloud platforms, and data centers continue to support select growth opportunities.
Bonds may play a renewed role in portfolios: With yields still elevated, bonds may offer income and capital preservation potential, even as long-term deficit, debt, and inflation concerns remain.
Software and cybersecurity may still have durable moats: Feeney explained that incumbent software companies may benefit from customer knowledge, proprietary data, and growing cybersecurity needs as AI-driven risks increase.
Advisors Capital Management, LLC is an investment advisor registered with the United States Securities and Exchange Commission. Registration does not imply any degree of skill or training. All investing carries risk, including the potential for the loss of principal and past performance is no guarantee of future results. This content is for informational purposes only, can change at any time without notice, and is not investment advice or a recommendation to trade any security. Indices are not available for direct investment. We only provide services in jurisdictions where we are registered. Our disclosure brochure (ADV Part 2A) and customer relationship summary (ADV Part 3) are available at https://adviserinfo.sec.gov and upon request.
