Today's Poll Question at Smerconish.com: Is the AI-driven economy a house of cards?
Stocks are reaching historic highs as America’s largest technology companies pour hundreds of billions of dollars into AI chips, data centers, utilities, and construction. But billionaire investor Ray Dalio says the enthusiasm bears troubling similarities to the bubbles of 1929 and 2000. Michael examines whether today’s AI boom is supported by real profits and demand—or whether groupthink, soaring valuations, and speculative investment have created a dangerous financial structure. The technology may transform the world, just as the internet did, but could investors still face a painful collapse along the way? Listen here, then vote!
