AI-fueled stock market rally is like the dot-com era: David Rosenberg

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

The AI-fueled stock market rally is 'overextended' and similar to the dot-com era mania, veteran economist David Rosenberg warns

The stock market's rally, fronted by the artificial intelligence frenzy, will be short-lived like the dot-com era boom, David Rosenberg said.

The veteran economist, who is the president and founder of Rosenberg Research, said the current surge in stocks is overextended. Equities have been performing well despite a high-interest-rate environment, tightening credit conditions, and ongoing debt ceiling negotiations. The S&P 500 earlier this month hit 4,200 for the first time since August, and is up 9.6% since the start of the year. on Thursday."If you look at the six-month chart of the Nasdaq 100, you have to be blind not to see that, 'Okay, this is actually looks very weird, and it's way overextended.'"The tech-heavy Nasdaq Composite closed 1.7% higher on Thursday, fueled by chipmaker Nvidia's blockbuster earnings.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 729. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

'Price bubble' in A.I. stocks will wreck rally, economist David Rosenberg predictsLong-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Rosenberg: S&P 500 is already signalling recession as key stocks slideThe S&P 500 is already flashing signs of a recession as key stocks have plunged, economist David Rosenberg says
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »