Adam Johnson: AI Boom, Not Bubble. Why This Bull Market Still Has Room to Run

Nov 10, 2025

Portfolio manager Adam Johnson, who focuses on tech-driven earnings, discusses the bullish market outlook despite fears of a recession. He believes strong corporate earnings and a surge in AI investment indicate a genuine boom, not a bubble. Johnson provides insights on buying the dip, emphasizing smart stock selection in the AI space. He highlights companies leveraging AI for productivity gains and introduces lesser-known winners beyond big tech. Tune in for a practical playbook on managing market volatility and capitalizing on innovation.

Ask episode

AI Snips

Chapters

Books

Transcript

Episode notes

INSIGHT

Market Strength Backed By Earnings And Stimulus

Corporate America is strong with consecutive double-digit earnings growth and near-record profit margins.
Adam Johnson sees GDP near 4% plus AI and foreign investment as dual stimulus supporting markets.

ADVICE

Treat FDI Announcements As Early Signals

Take foreign direct investment commitments at face value while watching for execution over years.
Use early signs like factory moves and job creation as evidence the announced deals are real.

INSIGHT

Don’t Paint All AI Stocks The Same

Valuation context matters: tech indexes trade richer but are far below past bubble multiples.
You must evaluate AI names individually rather than labeling the whole sector a bubble.

Get the Snipd Podcast app to discover more snips from this episode

Get the app

💡Markets may have more room to run, but stock selection matters. Get a free portfolio review from Wealthion’s endorsed financial advisors to make sure you’re positioned for what’s next: https://bit.ly/47R4Do6

Are investors talking themselves out of a bull market that still has room to run? Portfolio manager Adam Johnson thinks so. In this conversation with Maggie Lake, Adam explains why strong corporate earnings, resilient U.S. economic growth, and a massive wave of AI and capital investment are still driving markets higher, despite widespread fears of recession, inflated valuations, and an “AI bubble.” Adam also outlines exactly how he approaches buying the dip, where he sees real innovation creating real profits, why the seasonally strongest period for markets may not be over yet, and some of his favorite stock picks.

💡Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH

Chapters:

1:23 - Why This Market Keeps Climbing Despite Everyone’s Fears

3:59 - The $1 Trillion “Peace Dividend” Deals: Game-Changer or Mirage?

6:21 - AI Boom or AI Bubble? The Signals That Actually Matter

9:24 - The Smart Investor’s Volatility Playbook: When to Buy vs. When to Step Back

11:58 - Is the U.S. Economy Strong… or Just Well-Staged?

14:09 - If a Crash Happens, What Really Triggers It?

16:16 - The Two Americas: Inflation Winners and Losers

18:50 - AI Everywhere, But Who Gets Paid?

21:58 - Can the AI Giants Defend Their Moats in a Price War?

25:25 - The Hidden Winners: Old-School Companies Lifted by AI

28:12 - Beyond Tech: The New “American Ingenuity” Stocks to Watch

32:30 - The AI Energy Squeeze: Why Power Is the Next Battleground

35:30 - ⭐️Wealthion Golden Nugget: Adam’s Disciplined & Rationality Based Investing Framework

Connect with us online:

Website: https://www.wealthion.com

X: https://www.x.com/wealthion

Instagram: https://www.instagram.com/wealthionofficial/

LinkedIn: https://www.linkedin.com/company/wealthion/

#Wealthion #Wealth #Finance #Investing #Markets #Economy #Stocks #AI #TechStocks #Nvidia #Earnings #Productivity #Inflation #PortfolioStrategy #MarketOutlook #BuyTheDip #Innovation #AmericanIngenuity #AdamJohnson

________________________________________________________________________

IMPORTANT NOTE: The information, opinions, and insights expressed by our guests and our hosts do not necessarily reflect the views of Wealthion or the views of their respective employers. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields.

While we value and appreciate the insights shared by our esteemed guests and hosts, they are to be viewed as personal opinions and not as investment advice or recommendations from Wealthion or their respective employers. These opinions should not replace your own due diligence or the advice of a professional financial advisor.

We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so.

The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Learn more about your ad choices. Visit megaphone.fm/adchoices