The AI Valuation BubbleSpeaking on the Inside Economics podcast alongside Moody’s chief economist Mark Zandi, Galloway cast heavy doubt on the sky-high expectations surrounding AI-centric companies.He noted that the sector now represents roughly 40% of the S&P 500. For these companies to justify their astronomical revenue multipliers, Galloway argued they either need to drive unprecedented job destruction to create corporate efficiencies or face a severe market correction.Galloway strongly believes the latt ...