AI Rally Gets a Reality Check From US Strikes on Iran | Insight with Haslinda Amin 5/28/2026

Summary

U.S. strikes on Iran shake markets, lifting oil and reviving inflation fears. Carson Block warns of fragility in the AI rally driven by passive flows and potential labor displacement. Anthony Stevens highlights India infrastructure stocks like Adani Power benefiting from AI buildout. Vipul Roongta is bullish on Indian housing, and Yeyi Yun discusses MiniMax's growth and AI model differentiation.

• U.S. airstrikes on Iranian targets near Hormuz disrupt hopes for a deal, pushing oil higher and equities lower.
• Carson Block discusses the AI rally's technical support from passive flows and share buybacks, but warns of fragility from labor displacement.
• Block expects 15% of knowledge workers could be displaced within years, potentially triggering outflows from retirement accounts.
• Anthony Stevens notes India infrastructure stocks up 20% and Adani Power at records, driven by AI-related physical infrastructure needs.
• Vipul Roongta sees strong global investor interest in Indian housing and plans to double his fund to $9 billion in three years.
• MiniMax President Yeyi Yun highlights the company's revenue growth, margin improvement, and upcoming open-source model release.
• China's AI export boom is shifting trade structure and supporting a stronger yuan.
• Mixed signals from Iran and the U.S. keep geopolitical risk elevated for markets.