AI stocks are in a bubble but some are still worth owning: Scaramucci

📆 6/30/2023 3:50 PM
📰 BusinessInsider

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AI stocks are in bubble territory but some are still worth owning, SkyBridge Capital's Anthony Scaramucci says

Anthony Scaramucci thinks artificial intelligence stocks may be in an asset bubble - but says that shouldn't stop investors from owning some of them.

"There are boom-bust cycles. AI's probably in a bubble but there's some high-quality AI out there that's worth owning," the SkyBridge Capital founder said. The Santa Clara-based semiconductor company has ballooned in value this year thanks to the ongoing craze around AI, with its stock rallying 179% since the start of January. That's helped push the company's market valuation above $1 trillion.

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