MoneyMasters Podcast: The AI Cycle – Where We Are NOW and Where We're GOING

Is the AI boom just getting started — or are investors already watching the next major market bubble form in real time?

Jim Bianco, president and macro strategist at Bianco Research, joins Mike Larson at the 2026 MoneyShow Symposium in San Francisco to break down where we are in the “AI Cycle” – and what the massive investment pouring into Artificial Intelligence, data centers, and computing infrastructure means for markets and the economy.

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Jim explains why he believes AI is one of the most important technological developments of the last century...but also why virtually every major technology cycle eventually ends in overinvestment and a bubble.

In this MoneyShow MoneyMasters Podcast episode, he further discusses why the AI buildout is boosting inflation now and whether America is actually overbuilding data centers. Plus, he covers the health of the US labor market, why interest rates remain elevated, the impact of government deficits on bonds, and how the Federal Reserve's decision-making process is changing.

Finally, Jim explains his “4-5-6 Markets” framework – and why investors may need to retire expectations of constant 20%-plus stock market returns.

Relevant tickers for this podcast include: (AIQ) (IEF) (SHY) (SPY) (TLT) and (QQQ).