00:00 Speaker A
The tech heavy Nasdaq is poised to construct on Friday’s rebound, however tech shares within the scorching seat as rumblings develop over considerations of an AI market bubble.
00:06 Speaker A
Cory Johnson, Epistrophy Capital Analysis, Chief market strategist, becoming a member of us now to debate. Cory, nice to see you, particularly on set.
00:13 Cory Johnson
Right here.
00:14 Speaker A
Right here, within the flesh. Within the flesh.
00:15 Cory Johnson
In your metropolis. Skyscrapers and all the things.
00:16 Speaker A
Let’s discuss, uh, large image.
00:19 Cory Johnson
There is a Stevie Surprise reference.
00:20 Speaker A
Um, I received it. AI bubble.
00:22 Cory Johnson
Yeah.
00:23 Speaker A
Speak of this. I heard Ken Griffin telling CNBC uh, echoes of a dotcom bubble.
00:29 Speaker A
Mr. Griffin say, David Einhorn, good man
00:34 Cory Johnson
Yeah. Nice, nice brief vendor.
00:34 Speaker A
throwing crimson flags on all this AI spending.
00:38 Cory Johnson
They find it irresistible.
00:38 Speaker A
What what do you assume? Do you hear echoes of a dotcom bubble?
00:42 Cory Johnson
There are there are sounds that sound acquainted, like prospects buying and selling issues aside from money for product, proper?
00:49 Cory Johnson
We have got we have got Nvidia, uh giving promoting chips in trade for commute a compute and each side perhaps recognizing it as income. I feel these are issues that accountants ought to have a look at.
00:58 Cory Johnson
Um we see the businesses making offers with different firms, making offers with different firms making offers. and typically money isn’t the factor that’s being exchanged. That’s one thing we noticed within the .com period.
01:06 Speaker A
And this considerations you?
01:07 Speaker A
You hear echoes?
01:08 Cory Johnson
These sound just like the issues we heard throughout that period. We actually, actually have some pretend AI firms on the market. We’ve got firms that put AI of their press releases to allow them to get boosts of their inventory.
01:18 Speaker A
It is advertising fluff you are saying.
01:19 Cory Johnson
There there have been a few of these and I I am certain I have been brief a few of these firms. I am at present brief a few of these firms in my little portfolio. I do not give funding recommendation, however I wish to, ,
01:25 Cory Johnson
full disclosure. Um however I strongly imagine that using AI is just simply starting and that the chips and issues which can be being offered within the construct out of those information facilities are getting used. They don’t seem to be simply promoting capability as we noticed when darkish fiber was being laid for the way forward for the web in 1999 and 2000, when it was simply there have been numerous accounting scams of firms like Worldcom and International Crossing and um Quest and others.
01:42 Cory Johnson
These are names chances are you’ll not even bear in mind or identified on the time. However these had been these had been the large firms of that period, a few of them and uh a few of them proved to be full frauds like Worldcom and certainly Enron.
