Market View: When Does an AI Story Become a Meme Stock? From Smartbird to SpaceX

Could the market's hottest AI trades be creating the next generation of meme stocks? And if a sneaker company can reinvent itself as an AI firm, what exactly are investors buying today - earnings, or imagination? We explore why companies are rushing to attach themselves to the AI narrative and what that means for valuations. We examine a provocative debate around SpaceX, Samsung and SK Hynix as investors pile into AI-linked winners, blurring the line between fundamentals and market enthusiasm. Plus, JPMorgan's bullish call on a chip stock, Microsoft's expanding AI footprint in China, Apple's warning that the AI boom could push prices higher, and Singtel's latest data centre bet on Asia's AI future. As US markets weigh geopolitics, oil prices and interest rates, we ask: are investors witnessing the birth of durable AI champions - or the early signs of speculative excess? Hosted by Michelle Martin.See omnystudio.com/listener for privacy information.