Is the AI boom fueling the next stock market bubble?
The Excerpt
USA TODAY
4.1 • 1.2K Ratings
🗓️ 28 October 2025
⏱️ 13 minutes
🧾️ Download transcript
Summary
The stock market is surging again, led by a handful of tech giants betting big on artificial intelligence. But is this genuine growth or déjà vu from the dot-com era? USA TODAY personal finance reporter Daniel de Visé joins host Dana Taylor to examine what’s driving record highs on Wall Street, why the “Magnificent Seven” stocks wield so much influence, and what warning signs analysts are watching. From inflated valuations to money-market hedges, this episode unpacks whether AI optimism is fueling the next great bubble and how everyday investors can prepare.
Have feedback on the show? Please send us an email at podcasts@usatoday.com.
Episode transcript available here.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | If you're wondering whether the surge in tech and AI stocks represents real growth or just another stock market bubble, you're not alone. |
| 0:12.6 | Some market analysts warn we are waiting into bubble territory. |
| 0:18.6 | Welcome to USA Today's The Excerpt. I'm Dana Taylor. Today is Tuesday, October 28, 2025. |
| 0:25.0 | With so much money concentrated in a few tech and AI giants, are we setting ourselves up for a market crash? |
| 0:33.4 | Here to hash out the current state of the stock market is USA Today personal finance reporter, |
| 0:38.8 | Daniel Davies Say. |
| 0:40.3 | It's good to have you on Daniel. |
| 0:41.3 | Good to be here. |
| 0:42.3 | Thank you. |
| 0:43.3 | Is the stock market running too high? |
| 0:45.3 | What are you hearing from analysts? |
| 0:47.3 | Well, the stock market has been breaking records on and off over the course of the year. |
| 0:52.3 | And that happens a lot of the time. |
| 0:54.5 | If you think back over the last several years, what's a little odd and different now is |
| 0:59.2 | that the stock market is breaking records despite the fact that we have a fairly weak job |
| 1:05.1 | market. |
| 1:06.1 | Heck, we don't even know the state of the job market because we've got a shutdown. |
| 1:09.7 | We've got tariffs on again, off again. |
| 1:11.9 | Who knows what the tariffs are, but volatile. That's what they are. And we've got lingering |
| 1:17.5 | inflation that just won't go away. So why the stock market keeps breaking records amid all of that |
| 1:24.4 | sort of volatility is anyone's guess. But yeah, we've got a pretty hot stock market. |
| 1:29.3 | I want to dig into the role of AI and tech giants here. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from USA TODAY, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of USA TODAY and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.