Investors Pull Back from AI Boom

Despite AIs boom and Nvidias record market cap, prominent investors like Michael Burry and Peter Thiel are pulling back or betting against AI stocks. Even quantitative funds are trimming AI positions. Large tech firms aggressive spending on AI infrastructure, funded by borrowing, is raising concerns. Investors are focusing on AI entities with real technology and solutions, avoiding the market hype and low-quality companies.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.