Reported 1 day ago
A leading economist from Apollo Global Management, Torsten Sløk, has raised alarms about inflated valuations in AI stocks, likening the situation to the tech bubble of the late 1990s. He pointed out that the price-to-earnings ratios of top companies, many involved in AI, have surpassed those seen during the dot-com peak, resulting in significant concentration of investment in a few tech giants. Concerns about the sustainability of these valuations have increased, suggesting a potential market pullback, as investor sentiment grows more erratic.
Source: YAHOO