This is CBS Eye on the World. Here's John Batchelor.

This is CBS, I on the world. I'm John Batchelor. The American economy, the global economy,

the crypto economy. I welcome this peak, columnist at the Hill, economists at

Fox News, much on Fox Business. We begin with the AI bubble, that is market talk for tulips

or South Sea Islands. In other words, famous from several centuries ago, efforts to fool the amateur investor into putting his money

where there is no future. AI bubble. Liz, a very good evening to, for some weeks now, the media

that we most attend to on Wall Street, Financial Times, Wall Street Journal, other distinguished

publications,

backed up by Bloomberg reporting every night, has been using the metaphor of the AI bubble

without finding evidence of it. And then, after the market had risen and risen and risen

to nosebleed heights for AI, the huge gains of the year were all AI. It retreated to normal

nosebleed territory as opposed to where you couldn't get any oxygen at all. And therefore,

the AI bubble is vindicated? I'm asking a question. Are the bubler warners? Are they feeling

vindicated? Good evening, too, Liz.

Good evening, John. And so, yeah, I mean, there's been sort of an increasing rumble, if you will, beneath the surface over the last two or three weeks, that Bally, the valuations have gotten to be incredibly high for the Mag 7.

You know, price to perfection is another way of putting it.

And look, the Mag 7 valuations or values are about 38% of the S&P.

That's an astonishing number. You have NVIDIA becoming the first

world's first, five trillion dollar company. I mean, these are all astonishing data points.

And I think what began finally to worry people is the amount of investment that's going into the

industry, hundreds of billions of dollars

from all kinds of companies. And the concern is that those investments might not soon yield adequate

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