POPA ReconThe AI bubble is bursting, but now is not the end (Dan Niles) source
The AI bubble is bursting, but now is not the end (Dan Niles) source Hedge fund mogul Dan Niles argues that the growth of the AI industry and the collapse of AI stocks are possible simultaneously. 1. Because AI is a technology as large as the Internet, overinvestment will eventually occur and large-scale restructuring will inevitably follow. 2. However, it is currently closer to the mid-term adjustment phase of 1997 than just before the dot-com bubble burst. This means that even within a long-term upward cycle, a 50% decline is possible. 3. The short-term problem is that companies are switc…
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