The team discuss the return to a risk-on market and the rally in chip stocks spurred by the unveiling of META's latest AI agent Muse, as well as how to invest in semiconductor companies. The guys then recap their conversation with UK small-cap legend Richard Penny, manager of the TM Oberon UK Smaller Companies Fund which is the best performer in its sector over the last two years. With small-caps and AIM stocks in particular trading at historically low valuations, the team argue this is a great time to invest with a seasoned specialist. James explains how DIY giant Kingfisher surprised positively with its latest trading update and how JD Sports Fashion kept investors onside with its latest FY guidance. There's also a look at high-quality UK engineers Renishaw and Smiths Group, before a look ahead to results still to come this week from fellow 'compounder' Halma, retailers AO World and DFS and UK electronics firm Raspberry Pi.
