Full Signal Stocks are crashing but the AI trade isn't over | Douglas Boneparth, Bone Fide Wealth
Nov 19, 2025
Douglas Boneparth, founder of Bone Fide Wealth and a leading financial advisor, discusses the fascinating interplay between AI and today’s market volatility. He argues that while tech stocks are experiencing a sell-off, the underlying AI productivity potential remains strong. Douglas shares insights from his Bitcoin mining days in 2013 and highlights how it has evolved into a risk-reward asset for investors. He also introduces his book, 'Money Together,' which explores effective financial communication for couples, offering practical advice for navigating money matters.
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Volatility Is The Price Of Big Tech Gains
- Tech winners deliver massive returns but require enduring extreme volatility.
- Douglas Boneparth warns investors must "buy the volatility" to hold these stocks long term.
Expectations, Not AI, Look Inflated
- The bubble is in expectations, not AI's underlying value or infrastructure spend.
- Boneparth points out massive capital will be spent on compute and data centers to reach future AI goals.
AI's Bottleneck Is Compute Infrastructure
- Current AI development emphasizes compute and data-center infrastructure over immediate consumer robots.
- He notes Sam Altman would "burn... trillions" to get the compute power needed for long-term advances.
