NASDAQ:KULR 14 May 2026

June 3, 2026, 2:46 PM EDT. CNBC anchor and author Andrew Ross Sorkin warns of an impending stock market crash, citing parallels to the 1929 crash. Sorkin highlights the current market's frothy valuations, particularly driven by the artificial intelligence boom, which he describes as either a golden opportunity or an unsustainable sugar rush. He warns that despite strong rallies, underlying risks like rising market debt and weakened regulatory guardrails could trigger a loss of confidence. Sorkin cautions that a crash is inevitable, though the timing and severity remain uncertain. He also points to reduced oversight at the Consumer Protection Bureau and insufficient transparency in private companies as echoing conditions of the 1929 crash. Investors remain wary as historical risks resurface amid optimistic market sentiment.