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VettaFi's Cinthia Murphy says that investing in AI is a long-term theme, though perhaps the huge gains we've recently experienced may moderate in the years ahead https://t.co/dvP6FkyXCf
Earlier this week, Vanguard's Joe Davis warned investors had gone too far with their bets on AI's potential but VettaFi's Cinthia Murphy disagrees https://t.co/KjIC5CS3TH
AI optimists are behaving like the investors who got burned in the Great Depression and dot-com bubble, Vanguard’s chief economist warnshas said.
Vanguard's Chief Economist Joe Davis has expressed concerns regarding the sustainability of the recent rally in AI stocks, suggesting that investors may be overestimating the near-term potential of artificial intelligence technologies. Davis warned that this overzealous investment behavior could lead to a correction in share prices. His remarks echo historical patterns, likening current AI optimists to those who suffered losses during the Great Depression and the dot-com bubble. While some analysts, like VettaFi's Cinthia Murphy, argue that investing in AI remains a long-term theme, she acknowledges that the substantial gains seen recently may not continue at the same pace in the near future.