Reported 1 day ago
A leading analyst from Morgan Stanley has raised alarms about the narrow foundation of the recent bull market, predominantly driven by significant investments in artificial intelligence infrastructure. The so-called 'Magnificent Seven' firms account for a large majority of the S&P 500's gains, with risks of a market bubble growing as competition and economic uncertainties rise. Analysts warn that if spending on AI infrastructure falters, it may lead to a downturn reminiscent of the dot-com bubble's collapse.
Source: YAHOO