Jamie Dimon Just Issued a Warning About AI Stocks. History Says the Smartest Investors Are Making This 1 Move.
If you agree with Jamie Dimon's concerns about AI stocks, how should you invest?
Overview
Jamie Dimon, CEO of JPMorgan Chase, is one of the most respected voices in American business. When he raises concerns about the stock market, it's worth paying attention.
In a recent interview with Wilfred Frost on the Master Investor Podcast, Dimon said that the stock market feels a little too complacent about risks. He issued a warning about the artificial intelligence (AI) boom, drawing on what happened during the dot-com boom (and bust) of the late 1990s. When asked about risks facing AI stocks, Dimon said:
Details
When I look at AI itself, the amount of money being spent is huge. Will it pay off in total? Probably, just like the internet did. Will it pay off the way you expect and the timetable you expect? Definitely not.
Source
Originally published at www.fool.com.