Bloomberg Podcasts
@bloombergpodcasts·503K subscribers·32.4K videos
Paul Tudor Jones on the AI Bubble Debate (FULL)
Posted
October 14, 2025
Views
141,408
Likes
1,475
Comments
116
Engagement
1.13%
October 14, 2025
141,408
1,475
116
1.13%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
18:44Now PlayingTudor Investment Corporation's Paul Tudor Jones tells Bloomberg's Matthew Miller that if AI is a bubble, it's a historically small one. He sees concentration risk everywhere and expects to find the NASDAQ substantially higher by the end of the year.
Billionaire Paul Tudor Jones expects the Nasdaq Composite Index to climb higher by the end of the year as traders anticipate lower interest rates ahead.
If the big technology companies report positive earnings and US-China trade conflicts are resolved by the end of October, “then you have a chance for a real ramp in the last two months,” said Jones, 71, in an interview with Bloomberg Television on Tuesday.
The technology-heavy Nasdaq has climbed almost 17% this year, pushed higher by exuberance over AI.
Jones, who founded the roughly $16 billion macro hedge fund Tudor Investment Corp., also said he expects that the Federal Reserve’s benchmark rate will be around 2.5% by this time next year.
Last month the US Federal Reserve lowered the benchmark interest rate by a quarter of a percentage point, to a range of 4% to 4.25%, its first cut of the year. Minutes from the Federal Open Market Committee meeting showed that officials expect two more quarter-point rate cuts by the end of the year.
The main risk that Jones sees is concentration.
“I see concentration risk everywhere I look,” he said, noting that individual investors have the highest equity allocation they’ve ever had, roughly 35% of the S&P 500 Index is driven by seven stocks and decision making in Washington is dominated by President Donald Trump.
Jones’ Robin Hood Foundation, which fights poverty in New York City, will host its annual investor conference tomorrow.
--------
Watch Bloomberg Radio LIVE on YouTube
Weekdays 7am-6pm ET
Follow us on X
Subscribe to our Podcasts:
Bloomberg Daybreak
Bloomberg Surveillance
Bloomberg Intelligence
Balance of Power
Bloomberg Businessweek
Listen on Apple CarPlay and Android Auto with the Bloomberg Business app:
Apple CarPlay
Android Auto
Visit our YouTube channels:
Bloomberg Podcasts
Bloomberg Television
Bloomberg Originals
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
