Economist Says AI-Fueled Rally Is Reminiscent Of Dot-Com Era: 'Current Environment Is Taking On A Mania Of Sorts'
Portfolio Pulse from Shanthi Rexaline
Economist David Rosenberg warns of a price bubble in the stock market, comparing the current AI-fueled rally to the dot-com era of the 1990s. He believes the current environment is taking on a mania of sorts, with technology stocks now having a 27% weighting in the S&P 500 Index.
May 27, 2023 | 4:13 pm
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Nvidia's AI-induced earnings have contributed to the stock market rally, but economist David Rosenberg warns of a price bubble reminiscent of the dot-com era.
Nvidia's AI-induced earnings have contributed to the stock market rally, but the warning from economist David Rosenberg about a potential price bubble could create uncertainty among investors. This may lead to a neutral short-term impact on Nvidia's stock price as investors weigh the potential risks and rewards.
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IMPORTANCE 60
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