Reported about 1 year ago
Market watcher James Ferguson of the UK-based research firm MacroStrategy Partnership warns that the current AI hype has created a concentrated market bubble similar to the dot-com era. Ferguson argues that AI's unreliability, energy consumption, and questionable promises may render it effectively useless, with excessive tech hype similar to the period before the dot-com crash. He advises investors, especially those leaning into AI enthusiasm, to be cautious due to the AI bubble's resemblance to past market crashes, but suggests value can still be found in overlooked U.S. small-cap stocks post bubble burst.
Source: YAHOO