🕷️ Crawler Inspector

URL Lookup

Direct Parameter Lookup

Raw Queries and Responses

1. Shard Calculation

Query:

Response:

Calculated Shard: 135 (from laksa015)

2. Crawled Status Check

Query:

curl -X POST \
  'http://laksa135.int.ahrefs:8124/' \
  -H 'Content-Type: text/plain' \
  -H 'X-ClickHouse-Database: crawler3' \
  -H 'Authorization: Basic YXBpOg==' \
  -d 'SELECT getAhrefsURLFromUnparsed(src_unparsed) AS found_url, ifNull(toUnixTimestamp(download_stamp), 0) AS crawl_time, ifNull(toUnixTimestamp(props_url_first_seen), 0) AS first_indexed_time, download_http_code AS http_code, src_unparsed AS src_unparsed, src_root_hash AS src_root_hash, history_drop_reason AS history_drop_reason, meta_title AS meta_title, meta_descriptions AS meta_descriptions, attrs_boilerpipe_text AS attrs_boilerpipe_text, attrs_markdown AS attrs_markdown, attrs_readable_markdown AS attrs_readable_markdown, meta_canonical AS meta_canonical, ml_categories_json AS ml_categories_json, ml_types_json AS ml_types_json, ml_intent_types_json AS ml_intent_types_json, meta_language AS meta_language, attrs_author AS attrs_author, ifNull(toUnixTimestamp(attrs_publish_time), 0) AS attrs_publish_time, ifNull(toUnixTimestamp(attrs_original_publish_time), 0) AS attrs_original_publish_time, ifNull(attrs_is_republished, 0) AS attrs_is_republished, ifNull(attrs_nr_words, 0) AS attrs_nr_words, ifNull(attrs_boilerpipe_nr_words, 0) AS attrs_boilerpipe_nr_words, ifNull(body_ext_links_number, 0) AS body_ext_links_number, ifNull(body_int_links_number, 0) AS body_int_links_number, ifNull(meta_nofollow, 0) AS meta_nofollow, ifNull(meta_noarchive, 0) AS meta_noarchive, ifNull(props_was_rendered, 0) AS props_was_rendered, ifNull(src_redirect, \'\') AS src_redirect, ifNull(download_time_msec, 0) AS download_time_msec, ifNull(download_ttfb_msec, 0) AS download_ttfb_msec, ifNull(download_size, 0) AS download_size FROM crawler3.page_info_local FINAL PREWHERE (src_root_hash, src_unparsed) IN ((getAhrefsRootHashFromUnparsed(getAhrefsUnparsedNoserviceFromURL(\'https://www.economist.com/finance-and-economics/2025/09/07/what-if-the-ai-stockmarket-blows-up\')), getAhrefsUnparsedNoserviceFromURL(\'https://www.economist.com/finance-and-economics/2025/09/07/what-if-the-ai-stockmarket-blows-up\'))) FORMAT JSONEachRow'

Response:

{"found_url":"https:\/\/www.economist.com\/finance-and-economics\/2025\/09\/07\/what-if-the-ai-stockmarket-blows-up","crawl_time":1776988837,"first_indexed_time":1757262230,"http_code":200,"src_unparsed":"com,economist!www,\/finance-and-economics\/2025\/09\/07\/what-if-the-ai-stockmarket-blows-up s443","src_root_hash":"16779481905418258935","history_drop_reason":null,"meta_title":"What if the AI stockmarket blows up?","meta_descriptions":["We find that the potential cost has risen alarmingly high | Finance & economics"],"attrs_boilerpipe_text":"Sep 7th 2025\n|\n8 min read\nS\nince the\nrelease of Chat\nGPT\nin 2022, the value of America’s stockmarket has risen by $21trn. Just ten firms—including Amazon, Broadcom and Nvidia—account for 55% of the rise. All are riding high on enthusiasm for artificial intelligence, and they are not the only ones. Larry Ellison briefly became the world’s richest man, after\nAI\nenthusiasm prompted the share price of Oracle, his firm, to leap. In the first half of the year an\nIT\ninvestment boom accounted for all America’s\nGDP\ngrowth; in the year to date a third of the West’s venture-capital dollars have gone to\nAI\nfirms.\nThis article appeared in the Finance & economics section of the print edition under the headline “Glitch in the matrix”\nFrom the September 13th 2025 edition\nDiscover stories from this section and more in the list of contents\n⇒\nExplore the edition","attrs_markdown":"[![The Economist](https:\/\/marber-cdn.economist.com\/foundations\/latest\/images\/brand-identifiers\/the-economist\/signature-red.svg)![The Economist](https:\/\/marber-cdn.economist.com\/foundations\/latest\/images\/brand-identifiers\/the-economist\/monogram-square-red.svg)](https:\/\/www.economist.com\/)\n\n[Subscribe](https:\/\/www.economist.com\/subscribe)\n***\n[The Economist Pro](https:\/\/www.economist.com\/pro)\n***\n[Log in](https:\/\/www.economist.com\/api\/auth\/login)\n***\nMenu\n\n[![The Economist](https:\/\/marber-cdn.economist.com\/foundations\/latest\/images\/brand-identifiers\/the-economist\/logo-red.svg)![The Economist](https:\/\/marber-cdn.economist.com\/foundations\/latest\/images\/brand-identifiers\/the-economist\/monogram-square-red.svg)](https:\/\/www.economist.com\/)\n\n[Skip to content](https:\/\/www.economist.com\/finance-and-economics\/2025\/09\/07\/what-if-the-ai-stockmarket-blows-up#content)\n\n[Subscribe](https:\/\/www.economist.com\/subscribe)\n***\n[The Economist Pro](https:\/\/www.economist.com\/pro)\n***\n[Log in](https:\/\/www.economist.com\/api\/auth\/login)\n***\nMenu\n\n***\n***\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250123_drp045.png)\n\n[The world in brief](https:\/\/www.economist.com\/the-world-in-brief)\n\nCatch up on global daily news\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250123_drp050.png)\n\n[1843](https:\/\/www.economist.com\/topics\/1843)\n\nCompelling long reads\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250310_drp051.png)\n\n[The World Ahead 2026](https:\/\/www.economist.com\/topics\/the-world-ahead-2026)\n\nFuture-gazing analysis, predictions and speculation\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250123_drp046.png)\n\n[Podcasts](https:\/\/www.economist.com\/audio\/podcasts)\n\nTune into captivating conversations\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250123_drp044.png)\n\n[Video](https:\/\/www.economist.com\/video)\n\nWatch engaging short films\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20251001_DRP099.png)\n\n[Insider](https:\/\/www.economist.com\/insider)\n\nBehind the scenes at The Economist\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=96,quality=80,format=auto\/content-assets\/images\/20250123_drp047.png)\n\n[Newsletters](https:\/\/www.economist.com\/newsletters)\n\nCurated news, direct to your inbox\n\nWeekly edition\n\n- [This week](https:\/\/www.economist.com\/weeklyedition\/)\n- [Past editions](https:\/\/www.economist.com\/weeklyedition\/archive)\n\n## Weekly edition\n- [This week](https:\/\/www.economist.com\/weeklyedition\/)\n- [Past editions](https:\/\/www.economist.com\/weeklyedition\/archive)\n\nCurrent topics\n\n## Current topics\n- [War in the Middle East](https:\/\/www.economist.com\/topics\/war-in-the-middle-east)\n- [War in Ukraine](https:\/\/www.economist.com\/topics\/ukraine-at-war)\n- [Geopolitics](https:\/\/www.economist.com\/topics\/geopolitics)\n- [Climate change](https:\/\/www.economist.com\/topics\/climate-change)\n- [The world economy](https:\/\/www.economist.com\/topics\/economy)\n- [Artificial intelligence](https:\/\/www.economist.com\/topics\/artificial-intelligence)\n- [Trump approval tracker](https:\/\/www.economist.com\/interactive\/trump-approval-tracker)\n\nWorld\n\n## World\n- [The world this week](https:\/\/www.economist.com\/topics\/the-world-this-week)\n- [China](https:\/\/www.economist.com\/topics\/china)\n- [United States](https:\/\/www.economist.com\/topics\/united-states)\n- [Europe](https:\/\/www.economist.com\/topics\/europe)\n- [Britain](https:\/\/www.economist.com\/topics\/britain)\n- [Middle East](https:\/\/www.economist.com\/topics\/middle-east)\n- [Africa](https:\/\/www.economist.com\/topics\/africa)\n- [Asia](https:\/\/www.economist.com\/topics\/asia)\n- [The Americas](https:\/\/www.economist.com\/topics\/the-americas)\n- [International](https:\/\/www.economist.com\/topics\/international)\n\nBusiness & economics\n\n## Business & economics\n- [Business](https:\/\/www.economist.com\/topics\/business)\n- [Finance & economics](https:\/\/www.economist.com\/topics\/finance-and-economics)\n- [Big Mac index](https:\/\/www.economist.com\/interactive\/big-mac-index)\n- [Economic & financial indicators](https:\/\/www.economist.com\/topics\/economic-and-financial-indicators)\n\nOpinion\n\n## Opinion\n- [Leaders](https:\/\/www.economist.com\/topics\/leaders)\n- [Columns](https:\/\/www.economist.com\/topics\/columns)\n- [By Invitation](https:\/\/www.economist.com\/topics\/by-invitation)\n- [Letters to the editor](https:\/\/www.economist.com\/topics\/letters)\n\nIn depth\n\n## In depth\n- [Science & technology](https:\/\/www.economist.com\/topics\/science-and-technology)\n- [Briefing](https:\/\/www.economist.com\/topics\/briefing)\n- [Graphic detail](https:\/\/www.economist.com\/topics\/graphic-detail)\n- [Interactives](https:\/\/www.economist.com\/topics\/interactives)\n- [Special reports](https:\/\/www.economist.com\/special-reports)\n- [Technology Quarterly](https:\/\/www.economist.com\/technology-quarterly)\n- [Essay](https:\/\/www.economist.com\/essay)\n- [Primers](https:\/\/www.economist.com\/topics\/primers)\n- [Schools brief](https:\/\/www.economist.com\/schools-brief)\n\nCulture, history & society\n\n## Culture, history & society\n- [Culture](https:\/\/www.economist.com\/topics\/culture)\n- [The Economist reads](https:\/\/www.economist.com\/topics\/the-economist-reads)\n- [Obituary](https:\/\/www.economist.com\/topics\/obituary)\n- [Military history](https:\/\/www.economist.com\/topics\/military-history)\n- [Archive 1945](https:\/\/www.economist.com\/interactive\/archive-1945)\n- [Games](https:\/\/www.economist.com\/topics\/games)\n\nOur A-to-Zs\n\n## Our A-to-Zs\n- [Economics](https:\/\/www.economist.com\/economics-a-to-z)\n- [American politics](https:\/\/www.economist.com\/interactive\/us-politics-glossary-election-terms)\n- [Military terms](https:\/\/www.economist.com\/military-terms-a-to-z)\n- [International relations](https:\/\/www.economist.com\/international-relations-a-to-z)\n\n- [Weekly edition](https:\/\/www.economist.com\/weeklyedition\/)\n- [World in brief](https:\/\/www.economist.com\/the-world-in-brief)\n- [United States](https:\/\/www.economist.com\/topics\/united-states)\n- [China](https:\/\/www.economist.com\/topics\/china)\n- [Business](https:\/\/www.economist.com\/topics\/business)\n- [Finance & economics](https:\/\/www.economist.com\/topics\/finance-and-economics)\n- [Europe](https:\/\/www.economist.com\/topics\/europe)\n- [Asia](https:\/\/www.economist.com\/topics\/asia)\n- [Middle East](https:\/\/www.economist.com\/topics\/middle-east)\n- [Americas](https:\/\/www.economist.com\/topics\/the-americas)\n- [Artificial intelligence](https:\/\/www.economist.com\/topics\/artificial-intelligence)\n- [Culture](https:\/\/www.economist.com\/topics\/culture)\n- [Cartoons & games](https:\/\/www.economist.com\/topics\/games)\n\n### undefined undefined\n***\nSubscribe to The Economist\n\nUnlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters\n\nSubscribe to The Economist\n\nUnlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters\n\n[Subscribe](https:\/\/www.economist.com\/subscribe)\n***\n\n- [Manage account](https:\/\/www.economist.com\/api\/my-account)\n- [Gift subscriptions](https:\/\/subscribenow.economist.com\/gift)\n- [Log out](https:\/\/www.economist.com\/api\/auth\/logout)\n\n- [Manage account](https:\/\/www.economist.com\/api\/my-account)\n- [Gift subscriptions](https:\/\/subscribenow.economist.com\/gift)\n- [Log out](https:\/\/www.economist.com\/api\/auth\/logout)\n\n[Finance & economics](https:\/\/www.economist.com\/finance-and-economics) \\| Revolutionary road\n\n# What if the AI stockmarket blows up?\n## We find that the potential cost has risen alarmingly high\nShare\n\nSep 7th 2025\n\n\\|8 min read\n\nSince the release of ChatGPT in 2022, the value of America’s stockmarket has risen by \\$21trn. Just ten firms—including Amazon, Broadcom and Nvidia—account for 55% of the rise. All are riding high on enthusiasm for artificial intelligence, and they are not the only ones. Larry Ellison briefly became the world’s richest man, after AI enthusiasm prompted the share price of Oracle, his firm, to leap. In the first half of the year an ITinvestment boom accounted for all America’s GDP growth; in the year to date a third of the West’s venture-capital dollars have gone to AI firms.\n\nThis article appeared in the Finance & economics section of the print edition under the headline “Glitch in the matrix”\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20250913_DE_UK.jpg)\n\n### From the September 13th 2025 edition\nDiscover stories from this section and more in the list of contents\n\n[⇒Explore the edition](https:\/\/www.economist.com\/weeklyedition\/2025-09-13)\n\n***\nShare\n\n[Reuse this content](https:\/\/s100.copyright.com\/AppDispatchServlet?publisherName=economist&publication=economist&title=What%20if%20the%20AI%20stockmarket%20blows%20up%3F&publicationDate=2025-09-07&contentID=%2Fcontent%2Fn6hpvpidrqk21ehc1iqb5141i7jjm001&type=A&orderBeanReset=TRUE)\n\n***\n## [More from Finance & economics](https:\/\/www.economist.com\/finance-and-economics)\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20250626_WOP003.jpg)\n\n### [Wanted: a new finance writer](https:\/\/www.economist.com\/finance-and-economics\/2026\/04\/23\/wanted-a-new-finance-writer)\nAn opportunity to join the staff of The Economist\n\n![Illustration of two white collars pushing against a factory. ](https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20260425_FND000.jpg)\n\nFree Exchange\n\n### [Has the World Bank performed a U-turn on industrial policy?](https:\/\/www.economist.com\/finance-and-economics\/2026\/04\/23\/has-the-world-bank-performed-a-u-turn-on-industrial-policy)\nInterventionists who think so should read its new report more closely\n***\n![The Agios Dimitrios Power Station, a lignite-fired power plant next to solar panels in Agios Dimitros, near Kozani, northwestern Greece.](https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20260425_FNP503.jpg)\n\n### [Renewables are shining. The Iran war amplifies their appeal](https:\/\/www.economist.com\/finance-and-economics\/2026\/04\/23\/renewables-are-shining-the-iran-war-amplifies-their-appeal)\nTwo new reports are a must-read of energy-starved governments\n***\n### [Xi Jinping wants a powerful currency. America’s war has helped](https:\/\/www.economist.com\/finance-and-economics\/2026\/04\/23\/xi-jinping-wants-a-powerful-currency-americas-war-has-helped)\nMore countries are starting to use China’s payment infrastructure\n\n### [Chinamaxxing is starting to catch on, in China](https:\/\/www.economist.com\/finance-and-economics\/2026\/04\/23\/chinamaxxing-is-starting-to-catch-on-in-china)\nIt’s a boon for the tourist trade\n\n### [Global energy markets are on the verge of a disaster](https:\/\/www.economist.com\/finance-and-economics\/2026\/04\/21\/global-energy-markets-are-on-the-verge-of-a-disaster)\nScenarios now range from bad to awful\n***\n***\n\nGet The Economist app on [iOS](https:\/\/apps.apple.com\/us\/app\/the-economist-news-podcasts\/id1239397626?source_caller=ui&shortlink=hpmr1dtw&c=standalone-app-page+iPhone+bottom&pid=standalone-app-page&af_xp=custom) or [Android](https:\/\/play.google.com\/store\/apps\/details?id=com.economist.lamarr&source_caller=ui&shortlink=1oggayn5&c=Standalone%20app%20promo%20Android%20link%20bottom&pid=standalone-app-page&af_xp=custom)\n***\nThe Economist\n\n## The Economist\n- [About](https:\/\/www.economistgroup.com\/about-us)\n- [Reuse our content](https:\/\/www.economist.com\/syndication)\n- [Subscribe](https:\/\/www.economist.com\/subscribe)\n- [Gift subscriptions](https:\/\/subscribenow.economist.com\/gift)\n- [The Economist Pro](https:\/\/www.economist.com\/pro)\n- [SecureDrop](https:\/\/www.economist.com\/securedrop)\n\nThe Economist Group\n\n## The Economist Group\n- [The Economist Group](https:\/\/www.economistgroup.com\/)\n- [Economist Enterprise](https:\/\/www.economistenterprise.com\/)\n- [Economist Enterprise Events](https:\/\/events.economist.com\/?RefID=e.com-home&utm_source=e.com&utm_medium=website&utm_campaign=group-aff&utm_content=footer-link)\n- [Economist Education Courses](https:\/\/education.economist.com\/)\n\nContact\n\n## Contact\n- [Help and support](https:\/\/myaccount.economist.com\/s\/help)\n- [Advertise](https:\/\/impact.economist.com\/)\n- [Press centre](https:\/\/www.economistgroup.com\/group-news)\n- [Affiliate programme](https:\/\/www.economist.com\/affiliate)\n\nCareers\n\n## Careers\n- [Working here](https:\/\/www.economistgroup.com\/careers)\n- [Executive Jobs](https:\/\/jobs.economist.com\/)\n***\nTo enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies.\n\nManage cookies\n***\n- [Terms of use](https:\/\/www.economistgroup.com\/terms-of-use)\n- [Privacy](https:\/\/www.economistgroup.com\/privacy-policy)\n- [Cookie Policy](https:\/\/www.economistgroup.com\/cookies-policy)\n- [Accessibility](https:\/\/www.economistgroup.com\/accessibility-policy)\n- [Modern Slavery Statement](https:\/\/www.economistgroup.com\/esg\/modern-slavery-act-statement)\n- [Sitemap](https:\/\/www.economist.com\/sitemap)\n- [Your Privacy Choices](https:\/\/www.economist.com\/privacyportal)\n\nRegistered in England and Wales. No. 236383 \\| Registered office: The Adelphi, 1-11 John Adam Street, London, WC2N 6HT \\| VAT Reg No: GB 340 436 876\n\n© The Economist Newspaper Limited 2026","attrs_readable_markdown":"Sep 7th 2025\\|8 min read\n\nSince the release of ChatGPT in 2022, the value of America’s stockmarket has risen by \\$21trn. Just ten firms—including Amazon, Broadcom and Nvidia—account for 55% of the rise. All are riding high on enthusiasm for artificial intelligence, and they are not the only ones. Larry Ellison briefly became the world’s richest man, after AI enthusiasm prompted the share price of Oracle, his firm, to leap. In the first half of the year an ITinvestment boom accounted for all America’s GDP growth; in the year to date a third of the West’s venture-capital dollars have gone to AI firms.\n\nThis article appeared in the Finance & economics section of the print edition under the headline “Glitch in the matrix”\n\n![](https:\/\/www.economist.com\/cdn-cgi\/image\/width=1424,quality=80,format=auto\/content-assets\/images\/20250913_DE_UK.jpg)\n\n### From the September 13th 2025 edition\nDiscover stories from this section and more in the list of contents\n\n[⇒Explore the edition](https:\/\/www.economist.com\/weeklyedition\/2025-09-13)","meta_canonical":null,"ml_categories_json":"{\"\/Finance\":991,\"\/Finance\/Investing\":979,\"\/Finance\/Investing\/Stocks_and_Bonds\":974,\"\/Science\":110,\"\/Science\/Computer_Science\":105,\"\/Science\/Computer_Science\/Machine_Learning_and_Artificial_Intelligence\":104}","ml_types_json":"{\"\/Article\":989,\"\/Article\/Opinion_Piece\":762}","ml_intent_types_json":"{\"Informational\":996}","meta_language":"en","attrs_author":null,"attrs_publish_time":1757261974,"attrs_original_publish_time":1757261974,"attrs_is_republished":0,"attrs_nr_words":"693","attrs_boilerpipe_nr_words":"150","body_ext_links_number":26,"body_int_links_number":99,"meta_nofollow":0,"meta_noarchive":0,"props_was_rendered":0,"src_redirect":"","download_time_msec":938,"download_ttfb_msec":933,"download_size":55182}

3. Robots.txt Check

Query:

Response:

4. Spam/Ban Check

Query:

Response:

5. Seen Status Check

ℹ️ Skipped - page is already crawled

📄

INDEXABLE

✅

CRAWLED

12 hours ago

🤖

ROBOTS ALLOWED

Page Info Filters

Filter	Status	Condition	Details
HTTP status	PASS	`download_http_code = 200`	HTTP 200
Age cutoff	PASS	`download_stamp > now() - 6 MONTH`	0 months ago
History drop	PASS	`isNull(history_drop_reason)`	No drop reason
Spam/ban	PASS	`fh_dont_index != 1 AND ml_spam_score = 0`	ml_spam_score=0
Canonical	PASS	`meta_canonical IS NULL OR = '' OR = src_unparsed`	Not set

Page Details

Property

Value

URL

https://www.economist.com/finance-and-economics/2025/09/07/what-if-the-ai-stockmarket-blows-up

Last Crawled

2026-04-24 00:00:37 (12 hours ago)

First Indexed

2025-09-07 16:23:50 (7 months ago)

HTTP Status Code

200

Content

Meta Title

What if the AI stockmarket blows up?

Meta Description

We find that the potential cost has risen alarmingly high | Finance & economics

Meta Canonical

null

Boilerpipe Text

Sep 7th 2025 | 8 min read S ince the release of Chat GPT in 2022, the value of America’s stockmarket has risen by $21trn. Just ten firms—including Amazon, Broadcom and Nvidia—account for 55% of the rise. All are riding high on enthusiasm for artificial intelligence, and they are not the only ones. Larry Ellison briefly became the world’s richest man, after AI enthusiasm prompted the share price of Oracle, his firm, to leap. In the first half of the year an IT investment boom accounted for all America’s GDP growth; in the year to date a third of the West’s venture-capital dollars have gone to AI firms. This article appeared in the Finance & economics section of the print edition under the headline “Glitch in the matrix” From the September 13th 2025 edition Discover stories from this section and more in the list of contents ⇒ Explore the edition

Markdown

[![The Economist](https://marber-cdn.economist.com/foundations/latest/images/brand-identifiers/the-economist/signature-red.svg)![The Economist](https://marber-cdn.economist.com/foundations/latest/images/brand-identifiers/the-economist/monogram-square-red.svg)](https://www.economist.com/) [Subscribe](https://www.economist.com/subscribe) *** [The Economist Pro](https://www.economist.com/pro) *** [Log in](https://www.economist.com/api/auth/login) *** Menu [![The Economist](https://marber-cdn.economist.com/foundations/latest/images/brand-identifiers/the-economist/logo-red.svg)![The Economist](https://marber-cdn.economist.com/foundations/latest/images/brand-identifiers/the-economist/monogram-square-red.svg)](https://www.economist.com/) [Skip to content](https://www.economist.com/finance-and-economics/2025/09/07/what-if-the-ai-stockmarket-blows-up#content) [Subscribe](https://www.economist.com/subscribe) *** [The Economist Pro](https://www.economist.com/pro) *** [Log in](https://www.economist.com/api/auth/login) *** Menu *** *** ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20250123_drp045.png) [The world in brief](https://www.economist.com/the-world-in-brief) Catch up on global daily news ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20250123_drp050.png) [1843](https://www.economist.com/topics/1843) Compelling long reads ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20250310_drp051.png) [The World Ahead 2026](https://www.economist.com/topics/the-world-ahead-2026) Future-gazing analysis, predictions and speculation ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20250123_drp046.png) [Podcasts](https://www.economist.com/audio/podcasts) Tune into captivating conversations ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20250123_drp044.png) [Video](https://www.economist.com/video) Watch engaging short films ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20251001_DRP099.png) [Insider](https://www.economist.com/insider) Behind the scenes at The Economist ![](https://www.economist.com/cdn-cgi/image/width=96,quality=80,format=auto/content-assets/images/20250123_drp047.png) [Newsletters](https://www.economist.com/newsletters) Curated news, direct to your inbox Weekly edition - [This week](https://www.economist.com/weeklyedition/) - [Past editions](https://www.economist.com/weeklyedition/archive) ## Weekly edition - [This week](https://www.economist.com/weeklyedition/) - [Past editions](https://www.economist.com/weeklyedition/archive) Current topics ## Current topics - [War in the Middle East](https://www.economist.com/topics/war-in-the-middle-east) - [War in Ukraine](https://www.economist.com/topics/ukraine-at-war) - [Geopolitics](https://www.economist.com/topics/geopolitics) - [Climate change](https://www.economist.com/topics/climate-change) - [The world economy](https://www.economist.com/topics/economy) - [Artificial intelligence](https://www.economist.com/topics/artificial-intelligence) - [Trump approval tracker](https://www.economist.com/interactive/trump-approval-tracker) World ## World - [The world this week](https://www.economist.com/topics/the-world-this-week) - [China](https://www.economist.com/topics/china) - [United States](https://www.economist.com/topics/united-states) - [Europe](https://www.economist.com/topics/europe) - [Britain](https://www.economist.com/topics/britain) - [Middle East](https://www.economist.com/topics/middle-east) - [Africa](https://www.economist.com/topics/africa) - [Asia](https://www.economist.com/topics/asia) - [The Americas](https://www.economist.com/topics/the-americas) - [International](https://www.economist.com/topics/international) Business & economics ## Business & economics - [Business](https://www.economist.com/topics/business) - [Finance & economics](https://www.economist.com/topics/finance-and-economics) - [Big Mac index](https://www.economist.com/interactive/big-mac-index) - [Economic & financial indicators](https://www.economist.com/topics/economic-and-financial-indicators) Opinion ## Opinion - [Leaders](https://www.economist.com/topics/leaders) - [Columns](https://www.economist.com/topics/columns) - [By Invitation](https://www.economist.com/topics/by-invitation) - [Letters to the editor](https://www.economist.com/topics/letters) In depth ## In depth - [Science & technology](https://www.economist.com/topics/science-and-technology) - [Briefing](https://www.economist.com/topics/briefing) - [Graphic detail](https://www.economist.com/topics/graphic-detail) - [Interactives](https://www.economist.com/topics/interactives) - [Special reports](https://www.economist.com/special-reports) - [Technology Quarterly](https://www.economist.com/technology-quarterly) - [Essay](https://www.economist.com/essay) - [Primers](https://www.economist.com/topics/primers) - [Schools brief](https://www.economist.com/schools-brief) Culture, history & society ## Culture, history & society - [Culture](https://www.economist.com/topics/culture) - [The Economist reads](https://www.economist.com/topics/the-economist-reads) - [Obituary](https://www.economist.com/topics/obituary) - [Military history](https://www.economist.com/topics/military-history) - [Archive 1945](https://www.economist.com/interactive/archive-1945) - [Games](https://www.economist.com/topics/games) Our A-to-Zs ## Our A-to-Zs - [Economics](https://www.economist.com/economics-a-to-z) - [American politics](https://www.economist.com/interactive/us-politics-glossary-election-terms) - [Military terms](https://www.economist.com/military-terms-a-to-z) - [International relations](https://www.economist.com/international-relations-a-to-z) - [Weekly edition](https://www.economist.com/weeklyedition/) - [World in brief](https://www.economist.com/the-world-in-brief) - [United States](https://www.economist.com/topics/united-states) - [China](https://www.economist.com/topics/china) - [Business](https://www.economist.com/topics/business) - [Finance & economics](https://www.economist.com/topics/finance-and-economics) - [Europe](https://www.economist.com/topics/europe) - [Asia](https://www.economist.com/topics/asia) - [Middle East](https://www.economist.com/topics/middle-east) - [Americas](https://www.economist.com/topics/the-americas) - [Artificial intelligence](https://www.economist.com/topics/artificial-intelligence) - [Culture](https://www.economist.com/topics/culture) - [Cartoons & games](https://www.economist.com/topics/games) ### undefined undefined *** Subscribe to The Economist Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters Subscribe to The Economist Unlock unlimited access to all our award-winning journalism, subscriber-only podcasts and newsletters [Subscribe](https://www.economist.com/subscribe) *** - [Manage account](https://www.economist.com/api/my-account) - [Gift subscriptions](https://subscribenow.economist.com/gift) - [Log out](https://www.economist.com/api/auth/logout) - [Manage account](https://www.economist.com/api/my-account) - [Gift subscriptions](https://subscribenow.economist.com/gift) - [Log out](https://www.economist.com/api/auth/logout) [Finance & economics](https://www.economist.com/finance-and-economics) \| Revolutionary road # What if the AI stockmarket blows up? ## We find that the potential cost has risen alarmingly high Share Sep 7th 2025 \|8 min read Since the release of ChatGPT in 2022, the value of America’s stockmarket has risen by \$21trn. Just ten firms—including Amazon, Broadcom and Nvidia—account for 55% of the rise. All are riding high on enthusiasm for artificial intelligence, and they are not the only ones. Larry Ellison briefly became the world’s richest man, after AI enthusiasm prompted the share price of Oracle, his firm, to leap. In the first half of the year an ITinvestment boom accounted for all America’s GDP growth; in the year to date a third of the West’s venture-capital dollars have gone to AI firms. This article appeared in the Finance & economics section of the print edition under the headline “Glitch in the matrix” ![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20250913_DE_UK.jpg) ### From the September 13th 2025 edition Discover stories from this section and more in the list of contents [⇒Explore the edition](https://www.economist.com/weeklyedition/2025-09-13) *** Share [Reuse this content](https://s100.copyright.com/AppDispatchServlet?publisherName=economist&publication=economist&title=What%20if%20the%20AI%20stockmarket%20blows%20up%3F&publicationDate=2025-09-07&contentID=%2Fcontent%2Fn6hpvpidrqk21ehc1iqb5141i7jjm001&type=A&orderBeanReset=TRUE) *** ## [More from Finance & economics](https://www.economist.com/finance-and-economics) ![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20250626_WOP003.jpg) ### [Wanted: a new finance writer](https://www.economist.com/finance-and-economics/2026/04/23/wanted-a-new-finance-writer) An opportunity to join the staff of The Economist ![Illustration of two white collars pushing against a factory. ](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20260425_FND000.jpg) Free Exchange ### [Has the World Bank performed a U-turn on industrial policy?](https://www.economist.com/finance-and-economics/2026/04/23/has-the-world-bank-performed-a-u-turn-on-industrial-policy) Interventionists who think so should read its new report more closely *** ![The Agios Dimitrios Power Station, a lignite-fired power plant next to solar panels in Agios Dimitros, near Kozani, northwestern Greece.](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20260425_FNP503.jpg) ### [Renewables are shining. The Iran war amplifies their appeal](https://www.economist.com/finance-and-economics/2026/04/23/renewables-are-shining-the-iran-war-amplifies-their-appeal) Two new reports are a must-read of energy-starved governments *** ### [Xi Jinping wants a powerful currency. America’s war has helped](https://www.economist.com/finance-and-economics/2026/04/23/xi-jinping-wants-a-powerful-currency-americas-war-has-helped) More countries are starting to use China’s payment infrastructure ### [Chinamaxxing is starting to catch on, in China](https://www.economist.com/finance-and-economics/2026/04/23/chinamaxxing-is-starting-to-catch-on-in-china) It’s a boon for the tourist trade ### [Global energy markets are on the verge of a disaster](https://www.economist.com/finance-and-economics/2026/04/21/global-energy-markets-are-on-the-verge-of-a-disaster) Scenarios now range from bad to awful *** *** Get The Economist app on [iOS](https://apps.apple.com/us/app/the-economist-news-podcasts/id1239397626?source_caller=ui&shortlink=hpmr1dtw&c=standalone-app-page+iPhone+bottom&pid=standalone-app-page&af_xp=custom) or [Android](https://play.google.com/store/apps/details?id=com.economist.lamarr&source_caller=ui&shortlink=1oggayn5&c=Standalone%20app%20promo%20Android%20link%20bottom&pid=standalone-app-page&af_xp=custom) *** The Economist ## The Economist - [About](https://www.economistgroup.com/about-us) - [Reuse our content](https://www.economist.com/syndication) - [Subscribe](https://www.economist.com/subscribe) - [Gift subscriptions](https://subscribenow.economist.com/gift) - [The Economist Pro](https://www.economist.com/pro) - [SecureDrop](https://www.economist.com/securedrop) The Economist Group ## The Economist Group - [The Economist Group](https://www.economistgroup.com/) - [Economist Enterprise](https://www.economistenterprise.com/) - [Economist Enterprise Events](https://events.economist.com/?RefID=e.com-home&utm_source=e.com&utm_medium=website&utm_campaign=group-aff&utm_content=footer-link) - [Economist Education Courses](https://education.economist.com/) Contact ## Contact - [Help and support](https://myaccount.economist.com/s/help) - [Advertise](https://impact.economist.com/) - [Press centre](https://www.economistgroup.com/group-news) - [Affiliate programme](https://www.economist.com/affiliate) Careers ## Careers - [Working here](https://www.economistgroup.com/careers) - [Executive Jobs](https://jobs.economist.com/) *** To enhance your experience and ensure our website runs smoothly, we use cookies and similar technologies. Manage cookies *** - [Terms of use](https://www.economistgroup.com/terms-of-use) - [Privacy](https://www.economistgroup.com/privacy-policy) - [Cookie Policy](https://www.economistgroup.com/cookies-policy) - [Accessibility](https://www.economistgroup.com/accessibility-policy) - [Modern Slavery Statement](https://www.economistgroup.com/esg/modern-slavery-act-statement) - [Sitemap](https://www.economist.com/sitemap) - [Your Privacy Choices](https://www.economist.com/privacyportal) Registered in England and Wales. No. 236383 \| Registered office: The Adelphi, 1-11 John Adam Street, London, WC2N 6HT \| VAT Reg No: GB 340 436 876 © The Economist Newspaper Limited 2026

Readable Markdown

Sep 7th 2025\|8 min read Since the release of ChatGPT in 2022, the value of America’s stockmarket has risen by \$21trn. Just ten firms—including Amazon, Broadcom and Nvidia—account for 55% of the rise. All are riding high on enthusiasm for artificial intelligence, and they are not the only ones. Larry Ellison briefly became the world’s richest man, after AI enthusiasm prompted the share price of Oracle, his firm, to leap. In the first half of the year an ITinvestment boom accounted for all America’s GDP growth; in the year to date a third of the West’s venture-capital dollars have gone to AI firms. This article appeared in the Finance & economics section of the print edition under the headline “Glitch in the matrix” ![](https://www.economist.com/cdn-cgi/image/width=1424,quality=80,format=auto/content-assets/images/20250913_DE_UK.jpg) ### From the September 13th 2025 edition Discover stories from this section and more in the list of contents [⇒Explore the edition](https://www.economist.com/weeklyedition/2025-09-13)

ML Classification

ML Categories

/Finance		99.1%
/Finance/Investing		97.9%
/Finance/Investing/Stocks_and_Bonds		97.4%
/Science		11.0%
/Science/Computer_Science		10.5%
/Science/Computer_Science/Machine_Learning_and_Artificial_Intelligence		10.4%

Raw JSON

{
    "/Finance": 991,
    "/Finance/Investing": 979,
    "/Finance/Investing/Stocks_and_Bonds": 974,
    "/Science": 110,
    "/Science/Computer_Science": 105,
    "/Science/Computer_Science/Machine_Learning_and_Artificial_Intelligence": 104
}

ML Page Types

/Article		98.9%
/Article/Opinion_Piece		76.2%

Raw JSON

{
    "/Article": 989,
    "/Article/Opinion_Piece": 762
}

ML Intent Types

Informational

99.6%

Raw JSON

{
    "Informational": 996
}

Content Metadata

Language

Author

null

Publish Time

2025-09-07 16:19:34 (7 months ago)

Original Publish Time

2025-09-07 16:19:34 (7 months ago)

Republished

Word Count (Total)

693

Word Count (Content)

150

Links

External Links

Internal Links

Technical SEO

Meta Nofollow

Meta Noarchive

JS Rendered

Redirect Target

null

Performance

Download Time (ms)

938

TTFB (ms)

933

Download Size (bytes)

55,182

Shard

135 (laksa)

Root Hash

16779481905418258935

Unparsed URL

com,economist!www,/finance-and-economics/2025/09/07/what-if-the-ai-stockmarket-blows-up s443