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The Fox News Rundown

Business Rundown: Are We Witnessing an AI Boom or ... Bubble?

The Fox News Rundown

FOX News Podcasts

Politics, Daily News, News

3.41.7K Ratings

🗓️ 21 November 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

$57 billion. That's the amount of revenue tech giant NVIDIA reported in the third quarter. At first, the news was welcomed by investors who had been leery about the evaluation of artificial intelligence and whether the AI boom was actually a bubble. However, the gains from the chip maker's record-breaking revenue were soon lost, as they proved insufficient to ease worried minds. Also this week, the delayed September jobs report surprised with better-than-expected job growth. But what will that mean for the Federal Reserve when they meet next month as they weigh the decision to cut interest rates for a third straight time? Lou Basenese, the Executive Vice President of Market Strategy at Prairie Operating Co., joins FOX Business' Gerri Willis to discuss the AI trend, jobs, and what the Fed may do more. Plus, he offers some tips on how to manage this market. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

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0:22.8

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0:29.7

I'm Jerry Willis, and this is the Fox Business Rundown.

0:41.2

Friday, November 21st, 2025.

0:45.6

Invity had delivered big, but the celebration didn't last long.

0:48.0

We wrap up a rocky week on Wall Street.

0:51.0

AI trend is well intact, but I think what you saw is the market,

0:54.0

start to unwind on what's going to happen with the Fed.

0:59.9

$57 billion, that's the amount of revenue tech giant Nvidia reported in the third quarter.

1:05.2

At first, the news was welcomed by investors who have been leery about the evaluation of artificial intelligence and whether the AI boom is actually a bubble. But the gains from chip makers record-breaking revenue

1:12.4

were soon lost, as it proved not enough to ease worried minds. Also this week, the delayed

1:18.2

September jobs report surprised with better than expected job growth. But what will that mean for

1:24.0

the Federal Reserve when they meet next month as they weigh the decision to cut

1:27.6

interest rates for a third straight time. To help break down what was a roller coaster week for the

1:32.5

markets, let's bring in Lou Bassinice. I don't think there's anything wrong with the AI trade.

1:36.8

Lou Bassnese is the executive vice president of market strategy at Prairie operating company.

1:41.7

I mean, I said it this way that invidia was the tech company nominated to

1:46.0

take the polygraph test for the AI bubble and it passed with flying colors. I mean, every last

1:50.4

bit and question asked, is our earnings growing? Yes, 60 plus percent. Is revenue growing? Yes,

1:55.4

60 plus percent. Is it going to keep growing? Yes, 60 plus percent. So AI trend is well intact,

2:00.1

but I think what you saw is the market

2:01.7

start to unwind on what's going to happen with the Fed, because you talked about it. We got a bunch of

...

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