Will a Stock Market Crash Follow the AI Boom? Billionaire Ken Griffin Warns About Echoes of the Dot-Com Bubble.

The artificial intelligence (AI) revolution began in earnest with the introduction of ChatGPT in November 2022. The S&P 500 (SNPINDEX: ^GSPC) has advanced 72% since then despite headwinds arising from high interest rates, stubborn inflation, and sweeping tariffs.Michael Cembalest, chairman of market and investment strategy at J.P.Morgan, recently said, "AI related stocks have accounted for 75% of S&P 500 returns, 80% of earnings growth, and 90% of capital spending growth since ChatGPT launched."Naturally, some experts have drawn comparisons to the dot-com bubble, a period where rich valuations across the technology sector in the late 1990s led to a stock market crash in the early 2000s. Hedge fund billionaire Ken Griffin recently told CNBC, "There are obviously echoes of the dot-com bubble in this moment."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool