THE AI BUBBLE IS BURSTING? ⚠️ 4 Tech Stocks I’d Hold No Matter What

**SPEAKER_1** (0:00)
AI. Bubble Warning, there's been a recent AI. Bubble Warning issue, a new one. What's your thoughts on this?

**SPEAKER_2** (0:08)
I don't know if bubble is the right term, but a few institutions have issued this warning. We'll get to Alex in a second.
I do think that the AI promise has not been delivered. Like I asked a question last week, and it was slightly controversial for whatever reason after, but shout out to everyone at Microsoft. I love you guys. Daily from the bottom of my heart, one of my favorite companies for all time. Shout out to one of my favorite CEOs ever, better than Tim Cook, et cetera, et cetera. You can't run your business off co-pilot.
Like for all the automations that we have, and shout out to Perplexity and everything's tired done, shout out to Alicia Little, still to this day, I can't set up all these agents and then just go off to Mexico and do no work for two weeks and come back and the agents have everything done. The first company that provides that kind of premise and return, they're going to, and as a result, with even AI not delivering as well as it should, it's obliterated the software category. So bubble, no. I think people forget even in the.com era, it took a while for things to be calibrated. I don't think it'll take that long, but I think we may be three or four years off from having systems of scale and tech at scale that really allows you to offload your workforce and the cost isn't so high to be able to do so. So I wouldn't say bubble, but it hasn't delivered on the return that it was initially promised. If you can lay off your workforce and enjoy more of your life and be off grid and just let the LLMs run in the background. Like that premise isn't there. Do you guys know of anyone? I've asked this question to probably 200 people over the last year. No one is just leaving their business to be run solely by LLM.

**SPEAKER_3** (2:05)
Yeah. Yeah.

**SPEAKER_4** (2:07)
The idea, I mean, I think one of the greatest minds that has lived through both and his business has benefited tremendously because of it, spoke on this recently. Jeff Bezos was asked about the bubble and he said, I want you to think of it like this.
Right now, businesses are being done in terms of picks and shovels, right? Like people are manually doing the work. He said, think of AI as a bulldozer.
So if you were digging with a pick and a shovel, well, a bulldozer is about to come and make everything happen a lot faster, more efficiently, and have more skill.
And so the actual tax won't be replaced. How we get the task done will be altered. So companies will survive. Some, some will falter, but that's business and that's what happens inside of revolutions, especially in the technology space. And he has a great vantage point because in 1997, yeah, look at what his company was. And in 2026, obviously, he's not the CEO anymore. But look at what that company has grown to, right? Because he was able to adapt, he was able to use the technology to his advantage, and he was able to scale it. So that's how we got to have to look at it. The AI bubble, we've been talking about this thing for at least 18 months now, man. I'm like, okay, okay, if there's going to be a bubble, let's find the companies that are going to be here when this so-called bubble burst. Who will be the standing companies? I think we were spot on with the ones that we've been saying. For sure. Time will tell, and I think we're going to be on the right side of it.

**SPEAKER_2** (3:48)
Shaw, what are your thoughts?

**SPEAKER_1** (3:51)
Bubble is relative. I feel like there's a lot of companies that, well, it just actually leads to the Alex Carp clip.
Let's play this. Let's play the clip from Atlas, because this just leads into this conversation.

**SPEAKER_5** (4:07)
The Alex Carp go on CNBC last week and torch the entire AI business model. Becky Quick had to stop a mid rant.
You sound pretty angry. In his response, this is the voice of American business channel through me. I mean, his rants are usually pretty epic, but I think he hit on two sticking points that are really decide how AI diffuses through the economy. Number one is that enterprises are losing trust in a lot of these AI model companies. What is he saying? Because they're not safe. And safe is a little bit different than you think, so let's hear him out.