Has the AI bubble turned into an energy bubble?

Motley Fool Hidden Gems Investing starts now.

Welcome to Motley Fool's Hidden Gems Investing.

I am Travis Hoy.

I'm joined today by Lou Whiteman and Rachel Warren.

We have a lot of news, especially in the world of AI and energy.

We're going to get to that in a moment.

But I wanted to start with one of the, I think the world of AI and energy. We're going to get to that in a moment.

But I wanted to start with one of the, I think, more notable earnings reports yesterday came from Spotify. The market wasn't super happy with what they saw. But Lou, the interesting dynamic

here is Spotify is not saying, hey, we're in trouble, we're losing customers. It reminds me a little

bit of Netflix. It's more a matter of how fast are we gaining customers, and is that growth just isn't

quite as impressive as it was a few years ago. They're maybe not getting into ads as quickly

as investors had hoped. Maybe not able to push those prices as high as people would hope.

So it's kind of become this ho-hum business that you take a step back and you go,

man, this is a great business, but the stock has not done particularly well recently.

So are we just entering a new phase for these great companies that are just going to be kind

of high, single- single digit, low double digit

growers? It's hard to believe that efficient markets were caught off guard by the number of

people on the planet Earth, isn't it? I mean, isn't that what's happening here? Travis, you said,

let's talk about Spotify. I was like, oh, wow, look at that drop. Let's see what went wrong. And I still don't know. You're going to have to tell me they added 3 million premium subscribers.

They're expected to add 6 million in the current quarter. But because that total is 299.4 and not the

300 that Wall Street had expected, suddenly we're just going to sell the thing off. I mean, like you said, there

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