AI stock market sell-off
Event in Business News
AI stock market sell-off has come up in 1 episode across 1 podcast in TMT, including Pivot. 2 people have made recorded remarks about it.
What people said
Scott GallowayNYU professor and podcaster
Galloway predicts most AI companies will fail and the market will correct, but society will be AI's main beneficiary.
“I believe the big winner of AI is all of us, because I do believe the majority of those companies are going to go out of business”
Pivot: Stephen Miller’s Promotion, Big Tech’s Reality Check, and Guest Harvey Levin (Nov 8, 2026) · Listen from 1:04:16
Galloway says markets were spooked by the passage of nearly all anti-data-center ballot measures, threatening leveraged AI companies.
“41 of 42 measures on the ballot that were anti-data center, 41 of 42 passed”
Pivot: Stephen Miller’s Promotion, Big Tech’s Reality Check, and Guest Harvey Levin (Nov 8, 2026) · Listen from 59:11
Kara SwisherAmerican tech journalist and CNN contributor
Swisher blames the AI market slump on speculative funding rather than voters.
“it's these ridiculous Ponzi scheme fundings that did it, and Wall Street realizes the time has come to stop them”
Pivot: Stephen Miller’s Promotion, Big Tech’s Reality Check, and Guest Harvey Levin (Nov 8, 2026) · Listen from 55:49
Podcasts
- Pivot · 1 episode
Episodes
Stephen Miller’s Promotion, Big Tech’s Reality Check, and Guest Harvey LevinPivot · Nov 8, 2026 · 1 h 10 min
Kara Swisher and Scott Galloway, live in Los Angeles, interview TMZ founder Harvey Levin and discuss Stephen Miller's promotion, post-midterm tech stocks, data centers, and Elon Musk.