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Bubble trouble haunts the AI-driven US stock market
Eventually it will be transformational but, for now, the AI mania is running ahead of itself.
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Big bets made by tech giants on AI have carried the US stock markets to dizzying heights, prompting fears that the bubble may burst.
PHOTO: AFP
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If you think the US stock market is a bubble, you’re in distinguished company.
On Oct 14, Mr Jamie Dimon, the CEO of the world’s largest bank JP Morgan, warned that a lot of assets “are entering bubble territory”.
