AI remains the dominant force shaping markets, and in this episode of The Lark Davis Show, Lark sits down with Phil Rosen to unpack the biggest stories driving stocks, crypto, and investor sentiment.

They break down why markets are ignoring “Sell in May,” whether the semiconductor rally is entering bubble territory, and why AI may now be the single biggest macro driver in global markets.

The conversation also explores Ray Dalio’s latest comments on Bitcoin, the ongoing Bitcoin versus gold debate, and why younger investors are increasingly drawn toward high-risk speculative trades.

Beyond markets, Phil shares his perspective on discipline, health, focus, and the routines that support long-term performance.

• Why stocks continue climbing
• AI’s role in driving market momentum
• Semiconductor valuations
• Bitcoin’s long-term outlook
• Gold vs Bitcoin
• Gen Z and investing behavior
• Long-term wealth building
• Daily routines for peak performance

[00:00] Introduction and market overview [02:00] Why stocks are defying “Sell in May” [09:00] Why AI is becoming the new macro [05:00] Is the AI rally a bubble? [11:00] Breaking down semiconductor valuations [16:00] What Buffett’s cash pile really means [20:00] Bitcoin’s correlation with software stocks [33:00] Ray Dalio on why gold still beats Bitcoin [35:00] Gold vs Bitcoin: which has greater upside? [24:30] How Gen Z is reshaping investing [27:00] Why moonshot investing is risky [28:30] Building wealth through patience [29:00] Phil Rosen’s daily health and focus habits [42:00] Why wealth means more than money