A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
A chief economist at investment giant Apollo says the top ten AI stocks are more detached from reality than the tech titans of the 1990s were. His chart is a stark warning that history is about to repeat itself.
I don’t buy it. The top 10 companies are mooning not because of AI, but because they’re in bed with a powerful wannabe dictator. I don’t mean to sound grim, but if I were a betting man I’d put my money on the unfairly advantaged companies too. Luckily I index invest and don’t listen to this noise.
It’s backfiring badly as institutions get their data the hell away from American control. It will take a few years but the damage has already been done and can’t be reversed.