TV Appearances

I joined Juliette Saly on Ausbiz to discuss how AI-generated content is becoming so hyper realistic that it is increasingly difficult to distinguish from reality.

For investors, this pace of improvement highlights both the extraordinary power of the technology and the speed at which competitive advantages can erode. If breakthroughs are emerging globally and alternative approaches reduce reliance on massive chip and data centre buildouts, the dominance and pricing power currently assumed for some AI leaders may not prove as durable as markets expect. continue…

by Roger Montgomery Posted in Technology & Telecommunications, TV Appearances.

• watch video
• save this article
• POSTED IN Technology & Telecommunications, TV Appearances

continue…

by Roger Montgomery Posted in Foreign Currency, Market commentary, TV Appearances.

• watch video
• save this article
• POSTED IN Foreign Currency, Market commentary, TV Appearances

I joined Juliette Saly on Ausbiz to discuss how the AI trade has shifted from hype to reality. Adoption is proving more cyclical than expected, customers will not pay any price for AI tools, and data centre rollouts face delays from regulation and power constraints. At the same time, higher inflation, rising debt and the end of ultra-low rates are putting pressure on valuations. Software as a Service (SaaS) businesses are being repriced, and sectors like real estate and travel are also starting to feel the impact, prompting investors to reassess risk.

Tune into the full episode here: Ausbiz – Has tech run its course? continue…

by Roger Montgomery Posted in Market commentary, TV Appearances.

• watch video
• save this article
• POSTED IN Market commentary, TV Appearances

I joined Juliette Saly on Ausbiz to reflect on how markets closed out in 2025 and what may lie ahead in 2026. Last year was again dominated by artificial intelligence (AI) and the Magnificent Seven (Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia and Tesla). However, with valuations now stretched amongst these technology leaders, there may be opportunities for investors beyond the headlines.  continue…

by David Buckland Posted in Companies, Market commentary, Small Caps, Stocks We Like, TV Appearances.

• watch video
• save this article
• POSTED IN Companies, Market commentary, Small Caps, Stocks We Like, TV Appearances

Last night, on ABC’s 7.30 news report with Michael Rowland, I discussed whether surging investment in artificial intelligence (AI) is pushing large technology companies to unsustainable valuations. I noted that investors often become highly enthusiastic when new technologies emerge that are believed to reshape the world, but history shows this can inflate expectations. In the case of AI, the scale of spending by tech hyperscalers is immense, and to justify it they would need extraordinary levels of revenue.

Watch the full segment here: ABC News – Are AI investors causing tech companies to be overvalued?

continue…

by Roger Montgomery Posted in Insightful Insights, Market commentary, On the Internet, Technology & Telecommunications, TV Appearances.

• watch video
• save this article
• POSTED IN Insightful Insights, Market commentary, On the Internet, Technology & Telecommunications, TV Appearances

Today on Ausbiz with Juliette Saly, I explained that while low valuations in 2022 set the stage for strong returns, we’re now at the opposite end of the spectrum, with very high price-to-earning ratios (P/Es), elevated enthusiasm (especially around artificial intelligence) – and growing economic and geopolitical uncertainty, all of which point to lower returns and greater volatility in 2026. We’re also seeing signs of speculative excess in the AI thematic, from soaring private valuations to rising constraints around energy and water that are likely to create speed bumps for the sector.  continue…

by Roger Montgomery Posted in Market commentary, TV Appearances.

• watch video
• save this article
• POSTED IN Market commentary, TV Appearances

Today on Ausbiz I joined Juliette Saly to discuss why artificial intelligence (AI) remains a powerful long-term thematic but is now exhibiting classic bubble warning signs. We need to question whether the exponential share-prices, circular vendor-financing deals, and the huge capital expenditure (CapEx) that we are seeing today, are sustainable.

While AI will undoubtedly transform the world, the economics underpinning today’s spending frenzy look increasingly stretched, with key leaders unable (or unwilling) to explain how trillion-dollar commitments will be funded. In times like these, disciplined rebalancing is a smart approach.

Watch the episode on Ausbiz here: What Nvidia could be telling us about an AI bubble continue…

by Roger Montgomery Posted in Global markets, Market commentary, TV Appearances.

• watch video
• save this article
• POSTED IN Global markets, Market commentary, TV Appearances

Today on Ausbiz I joined Sue Lannin to discuss the striking similarities between the 2011 iron ore boom and today’s artificial intelligence (AI) investment frenzy. Back then, surging optimism and over-investment in mining services ended abruptly when supply outstripped demand. I’m seeing echoes of that now in AI, with forecasts of trillions in annual spending that don’t appear sustainable or supported by realistic revenue. With companies like Meta and Microsoft already under pressure, I believe we’re nearing the end of this boom as investors start questioning whether the numbers truly add up.

Watch the episode on Ausbiz here: What does the AI Boom have to do with iron ore?

continue…

by Roger Montgomery Posted in TV Appearances.

• watch video
• save this article
• POSTED IN TV Appearances

I joined Juliette Saly from Ausbiz yesterday to discuss the surge in gold buying and why it may be driven more by fear than logic. With queues forming outside bullion dealers, many investors are chasing gold as a hedge against inflation, currency debasement, or geopolitical risk – reasons that have existed for years. Yet, as prices hit record highs and physical gold carries steep costs and little utility, the rush looks more like Fear Of Missing Out (FOMO) than sound investing. While gold can’t generate income and its vertical price rise seems unsustainable, those still bullish might consider exchange-traded funds (ETFs) over physical bars, which offer lower friction and better financial sense.
Catch the episode on Ausbiz here: Are we paying too much for gold?

continue…

by Roger Montgomery Posted in Market Valuation, TV Appearances.

• watch video
• save this article
• POSTED IN Market Valuation, TV Appearances

Yesterday on Ausbiz with Juliette Saly, I discussed why record-high markets may carry more risks than opportunities. While the artificial intelligence (AI) boom has powered enthusiasm, I cautioned that valuations across the broader market are now at unprecedented levels, with all companies effectively being priced as winners – something history shows is unsustainable. continue…

by Roger Montgomery Posted in Market commentary, Market Valuation, TV Appearances.

• watch video
• save this article
• POSTED IN Market commentary, Market Valuation, TV Appearances