Are AI stocks the new railroad bonds?

Are AI stocks the new railroad bonds?

From Unhedged by Financial Times & Pushkin Industries

May 5, 2026 · 19 min

About this episode

The episode discusses the parallels between today's AI-driven stock market and historical financial trends, featuring insights from Robin Wigglesworth, Katie Martin, and Rob Armstrong.

Transformative technologies create speculative frenzies. Robin Wigglesworth, host of the new FT podcast The Story of Money , joins Katie Martin and Rob Armstrong to talk about what financial history can teach us about today’s AI-driven stock market. Also, we go short GameStop’s attempt to acquire eBay, and long tiny ice cream treats. Subscribe to The Story of Money wherever you get your podcasts, and on the show's dedicated YouTube channel here . Learn more at ft.com/tsom .   For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer . You can email Robert Armstrong and Katie Martin at unhedged@ft.com . Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Robin Wigglesworth

Guests: Katie Martin, Rob Armstrong

Topics covered

  • AI stocks
  • financial history
  • speculative frenzies
  • stock market
  • GameStop
  • eBay
  • investing

Keywords

  • AI stocks
  • financial history
  • speculative frenzies
  • GameStop
  • eBay
  • investing
  • stock market

Mentioned in this episode

Organizations: Financial Times, Pushkin Industries, The Story of Money, GameStop, eBay

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