Reported about 12 hours ago
The stock market has reached record highs thanks to the enthusiasm surrounding artificial intelligence, but there are growing concerns it may be developing into a bubble. Since the launch of ChatGPT in 2022, investments in AI and tech stocks have skyrocketed, raising valuations to historic levels. Analysts have noted that similarities exist between the current market climate and previous bubbles, despite the fact that today's major tech companies are profitable. While investor sentiment has yet to hit exuberant levels typical of bubbles, the risks of a downturn loom as market concentration increases.
Source: YAHOO