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Miriam Gottfried

Things Miriam Says on Podcasts

Where to Find Them

Miriam Gottfried hosts WSJ's Take On the Week , hosts Slate Money and hosts WSJ Your Money Briefing . They have also been a guest on Prof G Markets and Prof G Media .

Recently: “Tech Stocks and AI Bonds Are Tumbling. Is the AI Trade in Trouble?” on WSJ's Take On the Week (November 2026); “How AI Regulation Could Help the Public—and Investors Too” on WSJ's Take On the Week (October 2026); “What the Midterm ‘Affordability Election’ Means for Markets” on WSJ's Take On the Week (October 2026); “Why Cash Is King in the Era of Higher Interest Rates” on WSJ's Take On the Week (October 2026); “Why the SEC’s Proposal to Get Rid of Quarterly Reporting Is Bad for Investors” on WSJ's Take On the Week (October 2026); “Making Sense of Sky-High Treasury Yields” on WSJ's Take On the Week (September 2026).

What They Said

“I wrote in a story last month that 49% of new investment-grade bond issuance so far this year has been AI-linked. So if your wealth advisor is out there telling you, oh, you need to buy more bonds, and then you also own the S&P 500, your entire portfolio is levered to AI. And so if there's a slowdown, if the bubble bursts, that's all you have.” — Miriam Gottfried, WSJ's Take On the Week

The hosts were discussing why CoreWeave's bonds and AI stocks have sold off even though demand for AI computing hasn't clearly weakened. Miriam, who covers wealth management, raises the concentration risk for ordinary investors holding both bonds and index funds.

WSJ's Take On the Week · 2026-11-01 Permalink → Listen →
WSJ's Take On the Week Around 18:03 into the episode
Telis Demos

two or three. It's just Microsoft. Very highly rated AA, et cetera. Highly rated,

Asa Fitch

…If they can't do that, or if it costs too much to do that, it's really, it's kind of a death knell for the business. I don't want to overstate it, but it's the future looks bleak. And if you're an equity investor, it's all about the future. I mean, if the business just stops, you're in trouble. Is

Miriam Gottfried

there also some sense that everything has become too concentrated as a bet on AI? I mean, I wrote in a story last month that 49% of new investment-grade bond issuance so far this year has been AI-linked. So if, you know, I cover wealth management, if your wealth advisor is out there telling you, oh, you need to buy more bonds, and then you also own the S ⁇ P 500, you're basically your entire portfolio is like levered to AI. And so if something happens, if there's a Slowdown if there's if the bubble bursts, like they're like, that's all you have. I mean, is there some sense from investors that like they need to be putting their money somewhere else right now? I

Telis Demos

want to step in for a second, Miriam. I think that's a great point. And I did quote one of the top folks at Pimco in one of my stories recently, Lodfi Karawi, talking about there being crowding out kind of within the AI Trade, basically that investors now have a lot of different choices for types…

Asa Fitch

Well, think about what are the purest pure play AI companies on the market. Like, there's the obvious one is NVIDIA because they sell chips that power AI Bonds that's pretty much all they do these days. They have a gaming business that's relatively small at this point. But the others really are…

Miriam Gottfried

then? I mean, given what you just said about how NVIDIA really needs Core Weave to exist, and given what you just said about how NVIDIA is also kind of a pure play AI bet at this point, like, I mean, I know it's like the biggest company in our stock market driving our stock market, but like, isn't…

Speaker names come from our own diarization. The position is estimated from where the line sits in the episode.

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