Jeremy Grantham Warns AI Boom Can't Stop Market Bubble From Bursting: WSJ
Portfolio Pulse from Benzinga Newsbot
Jeremy Grantham, co-founder of Grantham Mayo Van Otterloo (GMO), continues to warn of an impending stock market crash despite the recent rally in tech stocks, including Nvidia Corp. (NVDA). He maintains that the wider market, including SPDR S&P 500 ETF Trust (SPY), is still poised for a fall. GMO is currently betting big on deep-value stocks and bonds backed by commercial real estate.
July 01, 2023 | 11:15 am
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Nvidia Corp. (NVDA) has seen a rally due to hopes of a boom in artificial intelligence, but Grantham's prediction of a market crash could impact its stock negatively.
Nvidia's stock has been rallying due to the boom in artificial intelligence. However, Grantham's prediction of a market crash could lead to a sell-off, negatively impacting Nvidia's stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
SPDR S&P 500 ETF Trust (SPY) is up 16.4% this year, but Grantham's prediction of a market crash could lead to a fall in its price.
SPY has been performing well this year, but Grantham's prediction of a market crash could lead to a sell-off, negatively impacting its price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75