Global stocks hit record highs in 2025, fuelled by the AI boom and investor optimism in future areas for growth.

However, as geoeconomic uncertainty persists, along with perceived over-exuberance for select sectors, is investor optimism justified or are we in a bubble about to burst?

Speakers:

Mark Benedetti, Executive President, Ardian

Gita Gopinath, Gregory and Ania Coffey Professor of Economics, Harvard University

Jonathan Ferro, Anchor, Bloomberg

Bonnie Y Chan, Chief Executive Officer, Hong Kong Exchanges and Clearing (HKEX)

Sergio P. Ermotti, Group Chief Executive Officer, UBS

Robin Vince, Chief Executive Officer, BNY

This is the full audio from a session at the Annual Meeting 2026 in Davos. Watch it here: https://www.weforum.org/meetings/world-economic-forum-annual-meeting-2026/sessions/are-markets-mispricing-the-future/

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Are Markets Mispricing the Future?