The AI Arms Race: How 'Content Flood' Reshapes The Map Paradigm Platforms - Episode 2

Go to Hedgeye.com and HedgeyeAM.com for more. Join us for an exclusive discussion with Sam Rahman, Portfolio Manager at Hedgeye Asset Management, as we dig into the accelerating platform shift from the application layer to the agent layer and what it means for software valuations, competitive positioning, and the broader investment landscape. We will walk through key elements of our agent layer thesis — including the three-tier margin cascade that is structurally repricing enterprise software, why the February Cowork selloff is a preview of what's ahead, and how the "content flood" dynamic reshapes the winner/loser map across consumer platforms and media. We will also spend time on Meta's unique positioning — dominant in advertising AI but facing a real bifurcation between business-side strength and consumer-side agent risk — and discuss how to think about software stack winners and losers as the market moves from "agents are theoretical" to "agents are displacing real workflows." Hedgeye Founder & CEO Keith McCullough's long-awaited new book, “Master The Market” is available now! In this 52-page e-book, Keith McCullough distills decades of Wall Street experience into actionable insights. Discover how to navigate market cycles, avoid major losses, and invest with the confidence of a seasoned pro. Download your free copy right now. Go to Hedgeye.com/book . That’s Hedgeye.com/book . Get an investing edge on the enormous amount of money flowing into options every day, what they’re signaling, and the structural and behavioral trends driving markets higher or lower. The Market Situation Report™ includes access to a daily newsletter and weekly webcast featuring analysis of the Tier 1 Alpha team's proprietary models. CLICK HERE to check out our product page. Turn off that tired “Old Wall” TV and tune into The Macro Show, Hedgeye’s live daily broadcast featuring key market and economic insights, investing implications and interactive viewer Q&A. See for yourself why more and more investors in the U.S. and abroad have made this “must-see” market TV. We are live online every weekday morning at 9:00am ET. CLICK HERE to check out our product page.

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The AI Arms Race: How 'Content Flood' Reshapes The Map Paradigm Platforms - Episode 2 is an episode from Real Conversations by Hedgeye Risk Management.

This episode is 67:11 long.

This episode was published on Feb 22, 2026.

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