Technology
Novogratz Says AI Is in a Bubble, and Investors Should Pile in
Key Points
Novogratz Says AI Is in a Bubble, and Investors Should Pile in Billionaire Michael Novogratz said artificial intelligence is in the “biggest bubble of our lifetime,” and investors should jump in. Gains in AI-linked shares helped push the S&P 500 Index to a record high Tuesday, with chip darling Nvidia Corp.’s market value approaching $6 trillion. While the relentless march higher in long-term borrowing costs is clouding the outlook, as Novogratz sees it, such headwinds aren’t enough to...
Novogratz Says AI Is in a Bubble, and Investors Should Pile in
Billionaire Michael Novogratz said artificial intelligence is in the “biggest bubble of our lifetime,” and investors should jump in.
Gains in AI-linked shares helped push the S&P 500 Index to a record high Tuesday, with chip darling Nvidia Corp.’s market value approaching $6 trillion. While the relentless march higher in long-term borrowing costs is clouding the outlook, as Novogratz sees it, such headwinds aren’t enough to derail the bull run.