Dotcom Bubble - Truenewj

How advisors are weighing the risks of an AI bubble

amefika6 months ago05 mins

As AI continues to dominate the markets, advisors are trying hard not to burst anyone’s bubble. Sure, the S&P 500 Index is up a respectable 14% so far this year, but nearly half of all U.S. stocks are in negative territory, and 70% of those stocks are lagging the index, which is leaving some advisors…

Powell says that unlike the dot-com boom, AI spending is not a bubble: “I won’t get into specific names, but they are actually generating profits.”

truenewj7 months ago04 mins

Federal Reserve Chairman Jerome Powell doesn’t think the AI boom is another dot-com bubble. In fact, he made that distinction explicit on Wednesday, arguing that the current wave of investment in artificial intelligence is based on for-profit companies and real economic activity, rather than speculative exuberance. “I won’t get into specific names,” Powell told reporters…