MWL: Is the much talked about AI bubble real or imagined?
Chua: “There’s definitely a valuation bubble for specific AI companies”. He noted OpenAI went from $300 billion valuation in March to $500 billion in October this year. “Since the end of 2022, AI-related equities have driven 75 per cent to 80 per cent of the S&P 500’s earnings and total performance. The Bank of England is worried, and even Sam Altman admits investors are ‘overexcited’.
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