Hi, everyone. I'm Maggie McGrath, senior editor at Forbes.

As investments surge in AI, concerns among the investor class are growing. Is there a bubble in

AI? Could it hit the U.S. markets? And if so, what would the financial effect be? We have one story on

Forbes.com that estimates an AI bubble burst could swipe $40 trillion from the NASDAQ's market

capitalization. What does that mean for investors? Joining us now is LPL chief wealth officer,

Anari Jambusaria.

Aneri, thank you so much for joining us.

Thanks for having me.

So before we started recording, you told me that you and your team message on weekends about

what is going on with AI. So can we zoom out and talk about how you as chief wealth officer

of a financial institution

are looking at this space?

Yeah, absolutely.

Well, so as contacts at LPL, we serve over 30,000 independent and financial advisors

and over 7 million Americans to invest and save towards their life goals.

And so that means that any time there's a development

that's happening in the markets, including the AI trend that we're seeing right now, it's

really meaningful for our clients. And it's an area where we're delivering advice and guidance

to our clients. In the AI space specifically, I guess I'll start just by stating the obvious.

AI is incredibly transformative. It has the potential to change every job, every business, every

company that's out there. And that's a big reason why we're seeing it really take off, especially

in the public markets. So if you look at the stock market in particular,

...