AI Stocks: Bubble or Boom?

Is the AI boom a bubble? Goldman Sachs trader Mike Washington says no, arguing that solid fundamentals, not just hype, are driving the high valuations of AI stocks like Nvidia, Microsoft, and Alphabet. He cites reasonable price-to-earnings ratios, a steady influx of investment funds, and resilient consumer spending as key differences from the dot-com era, suggesting that while a pullback is possible, a full-blown collapse is unlikely.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.