# David Trainer

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Podcast: Why AI Stocks Burning Huge Amounts of Cash Are In the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: They Can’t All Be Winners. Learn more about the best fundamental research

Weak Guidance, Executive Exits and Questions Around Klarna's Growth

Bryce Deeney and David Trainer discuss Klarna's (KLAR) sharp post-earnings decline despite a quarterly beat. They examine the impact of weak guidance, executive departures, and challenges facing the company's buy now, pay later business model. The pair also discuss slowing user growth and the incre…

Elyxium Wealth's Mortimer: We're 'mid-cycle bull market' with 'upside bias'

Jeff Mortimer, chief investment officer at Elyxium Wealth, says he continues to lean into market weakness and is comfortable with heightened volatility, but he says the strong earnings that are under-pinning the market will keep most downturns looking like buying opportunities. "We remain in a mid-…

Podcast: Why This Fintech Stock Is Back in the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: All Risk and No Reward. Learn more about the best fundamental research

New Constructs' Trainer makes it official: This is an A.I. bubble

David Trainer, founder and president at New Constructs has been cautious about artificial-intelligence stocks for a long time, noting that few of them pass his firm's rigorous evaluation criteria to be "attractive" investments, but he now says that liquidity concerns for the big-name A.I. players h…

Podcast: Why The AI Bubble Is In the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: The Liquidity Squeezes That Pop the AI Bubble. Learn more about the best fundamental research

David Trainer "Calling End to AI Trade:" Risks Loom Over Liquidity, IPOs & Earnings

David Trainer is making what he calls his "boldest call ever" that the AI bubble "is about to pop" due to liquidity squeezes. New market dynamics from increased inflation and Treasury yields are key components backing David' bear case. He adds that IPO valuations in companies like Anthropic, OpenAI…

New Constructs' Trainer calls Anthropic is 'the most ridiculous IPO os 2026'

David Trainer, founder and president at New Constructs, put a pre-IPO Anthropic in The Danger Zone today, saying the $2 trillion valuation is "absolutely absurd" for a business that is burning tons of cash, facing vicious competition and "with no conceivable profit margin ... when it's being valued…

Podcast: Why Anthropic Is Already In the Danger Zone

CEO David Trainer sat down with Chuck Jaffe of Money Life to talk about our Danger Zone pick this week: Anthropic Is The Most Ridiculous IPO of 2026. Learn more about the best fundamental research

Empower's Norton: Market will grind forward as earnings cool, 'normalize' into '27

Marta Norton, chief investment strategist at Empower, expects a "grind it out" market for the rest of the year, setting up for "normalization" on earnings that keeps markets moving forward but at a slower pace in 2027. Norton says there is "less of a margin of safety" for valuation and for fundamen…