Talk Your Book: AI Is Not a Bubble

Author

Michael Batnick
June 22, 2026

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Today's Talk Your Book is sponsored by Alger:

To learn more about Alger click here: www.alger.com/cneq 

On today’s show, we discuss:

  • Why Dr. Ankur Crawford thinks the AI bubble talk is overblown

  • How supply chain consolidation gives the AI build-out unusual staying power

  • Why the earnings estimate matters more than the multiple in AI valuations

  • The case for power and industrials as overlooked AI infrastructure plays

  • Open source vs. closed models and where the value ultimately lands

Animal Spirits:

Animal Spirits Podcast

Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, listening to and…

podcasts.thecompoundnews.com/show/animalspirits

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Disclosures from Alger:

The views expressed are the views of Fred Alger Management, LLC (FAM) and its affiliates as of June 2026. This material is not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Holdings are subject to change.

Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than