Why OpenAI & SpaceX Just Called the Top of the Tech Market

Could we be staring down the barrel of a massive AI market bust? This week, Asian markets suffered a historic shock as the South Korean Kospi Index plunged 8% in a single day—a giant, tech-heavy crash that forced emergency trading suspensions. While tech CEOs like NVIDIA’s Jensen Huang urge calm, insisting this is just a "buying opportunity," serious questions are being raised about whether investors are walking into a trap. In this clip from City AM's Business as Usual, Simon Hunt, Matt Kenyon, and Martin Kimber unpack the structural cracks appearing in the tech sector. With OpenAI, Anthropic, and SpaceX all rushing toward unprecedented trillion-dollar IPOs simultaneously, has the market finally called its own top? And what does this mean for middle-class pensions and long-term investments? Let us know your thoughts in the comments: Is this a temporary blip, or the beginning of an AI market unravelling? Subscribe to City AM for essential intelligence briefings on business, finance, and politics. 0:00 - Is the AI Market About to Bust? 0:35 - The 8% Kospi Index Crash Explained 1:35 - Is NVIDIA's Jensen Huang Right About a "Buying Opportunity"? 2:10 - Why OpenAI & SpaceX Rushed Trillion-Dollar IPOs 2:45 - The Truth About OpenAI's Heavy Leverage #AIBubble #TechCrash #OpenAI #Investing #MarketNews Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam