Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Clearly, the AI mania is driving this market optimism. As @JoelLitman explains, that's a problem for all investors. While AI has contributed to some economic growth over the past year, it's not enough to justify the market's overall bullish outlook ➡️ https://t.co/Bn4coeyQYL https://t.co/zFhNo47CBH
The stock market has climbed in recent months, driven in large part by tech companies propelled by enthusiasm over AI. Critics, however, warn that profit-making uses of AI remain a far-off vision, risking a market downturn if the technology falls short. https://t.co/mpbDVUY084 https://t.co/20EYCXC5K9
We’re not big fans of hype investing or getting caught up in the hot trend of the day. However, there are lots of old-school companies that are directly and indirectly benefiting from the growth in AI that most people don’t realize is the case, yet.
The current stock-market rally is heavily influenced by the expectation of AI companies thriving regardless of the US presidential election outcome. Critics caution that profit-making applications of AI are still distant, potentially leading to a market downturn if the technology underperforms. Despite the AI-driven optimism, concerns persist about the sustainability of the market's bullish outlook.