{"id":230565,"date":"2025-12-13T08:11:09","date_gmt":"2025-12-13T08:11:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/230565\/"},"modified":"2025-12-13T08:11:09","modified_gmt":"2025-12-13T08:11:09","slug":"is-there-an-ai-bubble-howard-marks-weighs-in-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/230565\/","title":{"rendered":"Is there an AI bubble? Howard Marks weighs in \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">Is there an <a href=\"https:\/\/www.irishtimes.com\/tags\/artificial-intelligence\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/artificial-intelligence\">AI<\/a> bubble? <\/p>\n<p class=\"c-paragraph paywall \">Many commentators have strong views on this question, but not Oaktree\u2019s Howard Marks.<\/p>\n<p class=\"c-paragraph paywall \">The question of bubbles is familiar territory to the veteran value investing billionaire, who published his memo Bubble.com just months before the dotcom bubble burst in 2000, and who warned of a \u201cslow developing train wreck\u201d before the global financial crisis.<\/p>\n<p class=\"c-paragraph paywall \">His latest memo, Is it a Bubble?, is more circumspect. Yes, there is speculative activity and various causes for concern: AI stocks driving the S&amp;P 500, start\u2011ups with \u201cno clear product\u201d raising billion\u2011dollar seed rounds, companies taking on debt to chase dominance, uncertainty over which firms will profit, and the ultimate scale of returns. <\/p>\n<p class=\"c-paragraph paywall \">At the same time, he notes why some insist \u201cthis time it\u2019s different\u201d: exploding demand for real AI products, rapidly growing revenues, no IPO (initial public offering) craze, and valuations for leading companies such as <a href=\"https:\/\/www.irishtimes.com\/tags\/nvidia\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/nvidia\">Nvidia<\/a> that are high, but not crazy.<\/p>\n<p class=\"c-paragraph paywall \">There is exuberance, but is it irrational? <\/p>\n<p class=\"c-paragraph paywall \">Marks isn\u2019t sure. \u201cSince no one can say definitively whether this is a bubble, I\u2019d advise that no one should go all-in without acknowledging that they face the risk of ruin if things go badly,\u201d he cautions. <\/p>\n<p class=\"c-paragraph paywall \">\u201cBut by the same token, no one should stay all-out and risk missing out on one of the great technological steps forward.\u201d<\/p>\n<p class=\"c-paragraph paywall \">A similarly measured stance in an FT op-ed annoyed many commenters, who demanded a clearer verdict, but is there not wisdom in such humility?<\/p>\n<p class=\"c-paragraph paywall \">Lots of people pretend to know what\u2019s coming, but admitting you don\u2019t may be the soundest hedge against all the faux certainty.<\/p>\n","protected":false},"excerpt":{"rendered":"Is there an AI bubble? Many commentators have strong views on this question, but not Oaktree\u2019s Howard Marks.&hellip;\n","protected":false},"author":2,"featured_media":230566,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,18,19,17,82],"class_list":{"0":"post-230565","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-eire","12":"tag-ie","13":"tag-ireland","14":"tag-technology"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115711251745696176","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/230565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=230565"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/230565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/230566"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=230565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=230565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=230565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}