SpaceX and OpenAI IPOs Could Push AI Trading Into Bubble Territory: Chart of the Day

SpaceX and OpenAI IPOs Could Push AI Trading Into Bubble Territory: Chart of the Day

The mega initial public offerings of SpaceX (SPAX.PVT) and OpenAI (OPAI.PVT) could push AI trading into bubble territory, just as rising yields make investors more demanding about growth that may take years to come. Bank of America’s Michael Hartnett estimated that adding mega IPOs to current AI leaders could boost market concentration from the current…

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