James Kirby

Are we fated to watch the Wall Street sort of tear off again?

which for what it's worth, folks, returns 15% a year.

And we return nine.

That's a decade long average.

And I'm sorry to say that gap is probably going to be repeated this year.

I don't know if it's going to be 15 for them and nine for them, but I bet you the gap will be similar.

Okay.

I really want to talk to you about AI.

Take a short break.

We'll be back in a moment.

Hello, welcome back to the Australian's Money Puzzle podcast.

James Kirby here with Eric Johnson from The Australian.

He's our business columnist on The Australian, former business editor as well, and he's been on the show, of course, regularly over the years.

Now, Eric, AI in the US, it was until this Iran crisis broke out, it really was the overarching theme and drove the US share prices, those very strong share prices that they've had and we haven't had, sort of underpinned that rally.

We, up until now, haven't had much of an AI sector.

We have some proxies, and more than proxies, we have an XDC.

But the AI, we haven't really had that yet.

Is there any evidence, like looking at the US market, for instance, the big players, NVIDIA, obviously the biggest player in the world in AI.

We've had NextDC, and I've talked about NextDC on the show when I was a

quite a big fan of Next DC for a long time.