In this IC Interviews podcast, Val Cipriani is joined by James Cook, manager of JPMorgan Global Growth & Income. As the only global and global equity income investment trust trading at a premium, it is keeping investors happy with its approach. Val and James discuss how this has happened, the future of semiconductor stocks, how AI will change the market, Microsoft’s recent outage and much more. Timestamps 1:01 Strategy of growth 3:35 Payout policy 7:41 Paying dividend out of capital  9:09 Outlook for the market  13:33 Interesting areas of the market 17:05 Semiconductor stocks 19:31 Magnificent Seven 21:41 AI  25:47 Microsoft  27:53 AI’s risk  29:06 Tech stocks capex  30:56 Apple  32:48 UK stocks 34:50 Japan 36:32 Portflio balance 39:30 Getting involved with M&A  Claim your first 12 weeks of Investors' Chronicle Print + Digital for just £12. You will get instant access to our website and app, plus the magazine delivered to your door every week. To start your trial, visit www.investorschronicle.co.uk/podcasttrial  *After your 12-week trial you will pay just £62 every 13 weeks by direct debit. If you’re not entirely satisfied, you can cancel up to 5 business days before your renewal date and only pay the £12 already debited. This offer is for UK subscribers only. Hosted on Acast. See acast.com/privacy for more information.