Investors have rushed into artificial intelligence (AI) stocks this year, potentially overestimating its near-term impact, according to Vanguard, the second-largest asset manager globally. Joe Davis, Vanguard’s chief economist, warns of a potential market correction, noting that while AI could be transformative, current market valuations suggest a higher probability than what is realistically probable.
Shares of AI-linked companies have surged, with Nvidia leading the charge, but Davis cautions that these companies may not ultimately benefit the most from AI’s transformative potential
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: