{"id":211651,"date":"2026-01-01T14:02:19","date_gmt":"2026-01-01T14:02:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/211651\/"},"modified":"2026-01-01T14:02:19","modified_gmt":"2026-01-01T14:02:19","slug":"everyones-watching-stocks-the-real-bubble-is-ai-debt","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/211651\/","title":{"rendered":"Everyone\u2019s Watching Stocks. The Real Bubble Is AI Debt."},"content":{"rendered":"<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Something has changed in the artificial intelligence boom in the past year. Since the arrival of ChatGPT in 2022, America\u2019s biggest tech companies have been leading the charge, aided by hundreds of billions of dollars on their balance sheet. Now, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-09\/howard-marks-says-ai-is-terrifying-for-jobs-queries-debt-cost\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">debt has entered the picture<\/a> and the stakes are higher. <\/p>\n<p class=\"ArticleBodyText_articleBodyContent__17wqE typography_articleBody___5jDr\" data-component=\"paragraph\">Marks suggests the AI bull market run has advanced <a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-08-27\/howard-marks-has-it-right-when-he-sees-s-p-500-bubble-in-early-days?srnd=undefined\" target=\"_blank\" rel=\"noopener nofollow\" class=\"media-ui-Link_link-tVkXhPLPofs-\" data-component=\"link\">from the early stages<\/a> he indicated it was this year. In a recent essay &#8220;Is It a Bubble?&#8221;,  he concludes:<\/p>\n","protected":false},"excerpt":{"rendered":"Something has changed in the artificial intelligence boom in the past year. Since the arrival of ChatGPT in&hellip;\n","protected":false},"author":2,"featured_media":211652,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[365,363,364,639,138,64377,5399,128556,3678,111,139,69,5746,27462,5567,643,145],"class_list":["post-211651","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-bull-market","tag-business","tag-chief-financial-officer","tag-debt","tag-howard-stanley-marks","tag-labor","tag-new-zealand","tag-newzealand","tag-nz","tag-oracle-corp","tag-private-credit","tag-private-equity","tag-stocks","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/211651","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=211651"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/211651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/211652"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=211651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=211651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=211651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}