It’s Already Happening: The AI Bubble No One’s Ready For

Tom Bilyeu's Impact Theory

Impact Theory

Education, News, News Commentary, Philosophy, Technology, Society & Culture, Business, Self-improvement

4.7 • 5.1K Ratings

🗓️ 2 December 2025

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	Why are businesses like HelloVet choosing Apple products and services?
0:05.0	So we started the business two years ago.
0:07.0	We had a few people who were used to PCs and this was their first foray into Macs.
0:12.0	But it's been super smooth getting everyone onto those devices and everyone seems really, really happy.
0:18.0	Find out how Mac can help you run and grow your business at Apple.com forward slash
0:23.6	HelloVet.
0:25.7	In just 18 months, over $3.3 trillion has flooded into AI-linked companies.
0:32.0	That's more than the entire market cap of Germany.
0:35.2	Today, five AI-adjacent companies alone represent over 30% of the entire S&P 500.
0:41.3	That is the highest concentration of market power in modern financial history.
0:46.3	Since 2020, NVIDIA alone has added more market cap than the combined GDP of South Korea, Sweden, and Switzerland.
0:55.0	And yet, on November 20th of 2025, NVIDIA posted $57 billion in quarterly revenue,
1:02.0	beating expectation by billions, and yet the stock still fell, dropping the entire S&P 500 with it. Last quarter, AI-linked stocks wiped out $400 billion in gains in a single trading session,
1:18.6	the fastest reversal since the dot-com crash.
1:21.6	And while AI investment has exploded by 800%, U.S. productivity has barely budged, up just about 1.3% total in two years.
1:32.1	The truth is, AI has given us the biggest technological hype wave since the dot-com boom,
1:38.2	and the narrative is that it's going to last forever. But is it? Even when Nvidia reports flawless numbers,
1:46.0	the kind that most companies could only dream of,
1:49.0	the stock still falls,
1:51.0	at times wiping out hundreds of billions of dollars in value
1:56.0	in just a matter of hours.
1:58.0	Now, this video is not about predicting a crash, but it is about something
	...

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