Worried About an AI Bubble? You Need To See This 1 Chart Now.
History has shown that demand for technology tends to go up and to the right.
Overview
We're nearing the fourth anniversary of the launch of ChatGPT, and with it, the end of the fourth year of the AI bull market.
During that time, the S&P 500 has roughly doubled, and the Nasdaq Composite has done even better, but the trillions of dollars of new wealth haven't come without investor skepticism. Forecasts of an AI bubble have not gone out of style, even as they have been dead wrong so far.
Details
Billionaire Ray Dalio recently said that an AI bubble is "close," citing rising interest rates and the level of debt being raised for the data-center build-out. Contrarian investor Michael Burry of The Big Short fame said this week that the stock market is in its first stage of grief: denial.
Source
Originally published at www.fool.com.