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

📆 26/05/2023 05:20:00
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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."

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