AI & Technology

In his articles and appearances, Kliment Robev treats artificial intelligence both as a genuine technological shift and as a source of market risk. As early as 2024, in “AI – Wall Street’s ticking bomb”, he warned that the rally in US indices rested on a handful of Magnificent Seven companies and on expectations no company can meet indefinitely, and he described Nvidia’s results as a leading indicator for the whole market.

In 2025, in “An AI bubble or a sustainable beginning?”, he compared the euphoria with the dot-com mania of 2000 and concluded that today’s tech giants stand on far firmer ground because they generate record profits. In his view the value lies in the “shovels” rather than the “gold” – semiconductors, cloud services and data centres – and what separates the largest companies is how quickly they monetise their investment. He flags circular financing among a small group of companies as a warning sign.

Robev also follows the geopolitical dimension. In “Regulation versus innovation: can the EU become an AI leader?” he argues that regulation in Europe has crowded out innovation, sees the EU’s opportunity in its IT specialists, and warns that underestimating China is a mistake, as DeepSeek showed. The common thread is a distinction between the technology, which he does not regard as passing hype, and share prices – since even an excellent business can remain overvalued for a long time.