Scott Galloway Warns Stock Market Is a ‘Late-Stage Bubble’: ‘America Right Now is a Giant Bet On AI’

Alex Griffing Oct 13th, 2025, 6:12 pm

Scott Galloway and Kara Swisher discussed widespread concerns of an AI bubble larger than the dot-com bubble or the subprime mortgage crisis tanking the markets during the latest episode of their podcast.

“Analysts are sounding the alarm about these circular deals. As we talked about previously, it feels very AOL, PurchasePro circa the last century,” Swisher began, adding, “A small network of companies pouring money into each other’s coffers, just fueling an AI bubble. They’re all waiting to make money. They’re all desperate to make money to back this up.” She continued:

Now, NVIDIA is also investing in xAI’s latest funding round. They’re al

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