In Good Company with Nicolai Tangen AI का बुलबुला कब फूटेगा? – रुचिर शर्मा
7 snips
Dec 12, 2025 
In this conversation, Ruchir Sharma, a prominent investor and author, shares his insights on how AI influences global markets and wealth concentration in the U.S. He discusses the potential for AI to create lasting productivity gains versus simply increasing the wealth of the top 10%. Ruchir also warns of four signs of a looming tech bubble and contrasts current conditions with past tech revolutions. Moreover, he analyzes Europe's economic resurgence and the challenges posed by rising interest rates on investments.
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AI's Wealth Effect Concentrates Gains
- Ruchir Sharma says AI has created a large wealth effect benefiting the top 10% through rising financial asset prices.
- He links much of recent U.S. market gains and GDP growth to AI-driven asset revaluation rather than broad-based income gains.
AI Parallels Past Tech Revolutions
- Ruchir Sharma compares today's AI moment to past tech revolutions like the 1990s internet cycle.
- He argues AI may be a larger, faster wave but shares historical patterns of techno-optimism and uncertainty about productivity gains.
Judge Bubbles By Investment And Cashflow
- Ruchir Sharma outlines four 'O's to judge a bubble, starting with overinvestment and valuation metrics.
- He advises evaluating investment-to-GDP and price-to-free-cash-flow metrics rather than relying on simple price ratios.
