Marketplace Morning Report Beware the AI boom, says Cisco boss
Jan 28, 2026
A tech CEO warns of a possible AI stock bubble and the risk of market carnage. Discussion of claims that AI could surpass the internet in impact. Conversation about which jobs may be reshaped or lost by AI. Reports on chip industry moves and halted mega-projects in Saudi Arabia, including an enormous suspended skyscraper.
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Infrastructure Powerhouse Weathered Past Crashes
- Cisco provides critical infrastructure that enables day-to-day AI use.
- The company previously survived an 80% value loss after the dot-com crash and later thrived.
AI Hype May Be A Bubble
- Chuck Robbins warns the current surge in AI stock prices likely looks like a bubble.
- He says there will be carnage if it bursts but AI will ultimately be bigger than the internet.
Customer Service Jobs As A Clear Example
- Robbins gives customer service as a clear example of jobs changing or disappearing.
- He says companies use AI to do more with fewer people in contact centres.