Reported 2 days ago
Bill Smead, chief investor of Smead Capital Management, cautions that the current enthusiasm for AI stocks resembles a bubble, drawing parallels to the dot-com crash. He notes that major AI firms are significantly overvalued, with potential for steep declines when the market corrects. Smead advocates for investors to diversify their portfolios and focus on stable sectors to mitigate risks and prepare for inevitable market shifts.
Source: YAHOO