The AI bubble just burst. Here’s what it means for NZ - Liam Dann

The AI bubble just burst. Here’s what it means for NZ - Liam Dann

Opinion byBusiness Editor at Large·NZ Herald·5 Nov, 2026 10:35 PM6 mins to readLiam Dann, Business Editor at Large for New Zealand’s Herald, works as a writer, columnist, radio commentator and as a presenter and producer of videos and podcasts.‌The AI bubble just burst. That’s a big call I know, but bubbles, in my experience, tend to be quite binary.Once you prick the surface things move fast.Tech stocks have plunged. Wall Street’s Nasdaq Index fell 5% on Friday morning (NZT). It has already been falling back in

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