Please stop asking me when the AI bubble will pop

<figure> <img alt="" data-caption="Emmanuel Roman, chief executive officer of Pacific Investment Management Co. (Pimco), during the Global Financial Leaders&#039; Investment Summit in Hong Kong, China, on Tuesday, Nov. 3, 2026. | Bloomberg via Getty Images" data-portal-copyright="Bloomberg via Getty Images" data-has-syndication-rights="1" src="https://platform.theverge.com/wp-content/uploads/sites/2/2026/11/gettyimages-2302813651.jpg?quality=90&#038;strip=all&#038;crop=0,0,100,100" /> <figcaption> Emmanuel Roman, chief executive officer of Pacific Investment Management Co. (Pimco), during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 3, 2026. | Bloomberg via Getty Images </figcaption> </figure> <p class="wp-block-paragraph">People, including on this staff, keep asking me with varying degrees of excitement or trepidation when the AI bubble will burst. I'll tell you what I tell them: If I knew that, I would make a life-changing bet on the market, levered up as far as I could, and then, after I made my money, go retire on a beach somewhere. Maybe run a cat sanctuary, who knows.</p> <p class="wp-block-paragraph">What I can tell you is that I read with interest a story in <em>Bloomberg</em> this morning: "<a href="https://www.bloomberg.com/news/articles/2026-11-03/wall-street-ceos-big-global-money-managers-debate-ai-risks">Wall Street CEOs, Big Money Managers Divided Over AI Risks</a>." The story itself is a roundup of stuff said at the 2026 Global Financial Leaders' Investment Summit in Hong Kong. Here's what caught my attentio …</p> <p><a href="https://www.theverge.com/ai-artificial-intelligence/1025826/ai-bubble-pimco-apollo-bonds">Read the full story at The Verge.</a></p>