Why the AI Bubble Hasn’t Popped — ft. Josh Brown
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What is the significance of the AI bubble in 2025?
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Past performance is not indicative of future results. This is a paid advertisement. Today's number, 54. That is the percentage of men who have some form of facial hair up from 42% 10 years ago. According to surveys, most men don't actually like their beard at first, but then it grows on them. Okay. Oh, I was supposed to. Oh, my God. No, if you don't find it funny, then that's just what we do. I did, but it was a delayed reaction. I did find it funny. Listen to me. Markets are bigger than us. What you have here is a structural change in the world distribution. Cash is trash. Stocks look pretty attractive. Something's going to break. Forget about it. Welcome to Profiteer Markets. Scott is still on vacation, but we are back in action and we are kicking off the year with the one and only Josh Brown, co-founder and CEO of Ritholtz.
Josh, welcome back to the show. It's great to see you. Great to see you.
How did market trends change in late 2025?
I apologize for dressing like the great and powerful Oz. I didn't pick up on it until I saw myself on a video screen. That's the energy I came into the year with. I love it. You're looking good. How was your holiday? How was your new year? So sick. Oh, yeah? So great. You know what? I've been in Florida for two weeks. I have a tan. You look good. The weather sucks here, predictably, but it's not even bothering me. I just had an amazing couple of weeks for the holidays, and I feel good. Ready for 26. Ready to rumble. Ready for 2026. Okay. Well, let's get right into it. A lot of questions I want to ask you. We haven't had you on since the summer, and a lot has happened since then. We had the government shut down. We had rate cuts.
We had this AI bubble story, which kind of got huge. A lot of people were talking about it. Yeah. Just as you look back on 2025 and what's happened since we lost Boke, just a pretty general question, what have been your biggest takeaways? I think the key thing was not getting too negative in November when Oracle was blowing up.
What predictions does Josh Brown have for the markets in 2026?
And it seemed like this was going to be like this comeuppance for all the data center spend. And all of a sudden, like, the floor was about to fall out from under all of us. And, like, if you fell prey to that narrative, which obviously a lot of people – so there's two categories. There are people that fell prey to it because – They are just nervous by nature or they tend to fall for all of those types of like bouts of negativity. But then there's another camp of people that really did want it to fall apart. They wanted it to crash. And You know, some of that is like political. Some of that is people who missed out on the AI trade for the last three years. But like whatever, you just had this huge chorus of people warning you, like this is the next year 2000 and it's dot com point, you know, 2.0.
But I think the key to this year was not falling prey to it. And if you were able to stay the course, like we're talking right now, the Dow is going to have its first close, I think, today above 49,000. And the NASDAQ looks incredible, you know, through the end of last year and now into the first week of this year. And I think it's really it's tough sometimes when everyone is screaming bubble, bubble, bubble. It's really tough to like, you know, stay the course and stick to your guns. But that that really was the key to the to the fourth quarter.
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Chapters
8 chapters
1
What is the significance of the AI bubble in 2025?
0:00–1:44
2
How did market trends change in late 2025?
1:44–3:00
3
What predictions does Josh Brown have for the markets in 2026?
3:00–5:33
4
Why should young investors welcome market corrections?
5:33–7:49
5
What factors will drive earnings growth in 2026?
7:49–10:18
6
How do interest rates impact market predictions?
10:18–12:26
7
What role does deficit spending play in the economy?
12:26–15:22
8
What advice does Josh Brown give to young investors?
15:22–45:58
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