Investment giant issues AI warning ...News

Russia Today - Economy
Investment giant issues AI warning
source : Russia Today ( News ) () 83
Market players betting “wildly” on the technology are risking a correction, Vanguard’s chief economist has said Investor enthusiasm for AI equities in the US stock market has overestimated the near-term potential of the technology, risking a “correction” in share prices, American asset management giant Vanguard has warned, according to the Financial Times.   AI-related stocks have become key drivers behind the rise of the US stock market, with the S&P 500 index soaring by 27% this year. About one fifth of the increase comes from the contribution of Nvidia, a core chip supplier for AI, which saw its stock price ro

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