Robert Armstrong

Well, it has spread to other markets.

In Korea, especially, and also Taiwan, those have now become very lopsided markets themselves, to an extent Japan too.

So, you know, the chip trade, the AI hardware trade, is a global trade now, and it's driving things up all over the place.

So it is spreading, and if there is an AI correction,

It is going to be a global market event, not an American market event.

Peppermint?

No, pop.

I think, you know, that's in the range of possibilities when markets go on very strong sustained runs.

But that's not the first concern in my mind right now that we'll see a massive popping of a bubble and a resetting of equity prices to match, say, 2000 or 2008.

Now, having said that, there will be, of course, a huge crash tomorrow and I will be a laughingstock.

But, you know, now I'm a hostage to fortune.

Cheers.

Thanks for having me.

Pushkin.

The AI boom runs on two things, money and electricity.

And as it turns out, electricity runs on money too.

Today on the show, the huge next era Dominion deal, deal making and AI, electricity and money and everything else.

I'm Rob Armstrong, and this is Unhedged, the markets and finance podcast from the Financial Times and Pushkin.

I am joined on the show today by two fan favorites and show regulars, James Fontanella Kahn and Oliver Bad News Barnes.

Gentlemen, welcome back to the show.