News Formal

'Price bubble' in A.I. stocks will wreck rally, economist David Rosenberg predicts

  • 📰 CNBC
  • ⏱ Reading Time:
  • 2 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Long-time bear David Rosenberg warns the artificial intelligence boom could collapse like late 1990s dot-com stocks.

Fast MoneyAccording to Rosenberg, the AI surge has striking similarities to the late 1990s dot-com boom —particularly when it comes to the"[This] looks very weird," said Rosenberg, who served as Merrill Lynch's chief North American economist from 2002 to 2009.

"It's way overextended."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Richard Branson’s Long Beach space-launch company Virgin Orbit to liquidateStratolaunch and Rocket Lab USA Inc. are among the buyers for assets of Virgin Orbit Holdings Inc., the bankrupt space-launch company tied to billionaire Richard Branson that until recently employed nearly 700 people in Southern California
Source: latimes - 🏆 11. / 82 Read more »