The 'superbubble' in stocks and housing will burst - but the AI boom might delay the crash, Jeremy Grantham says
in ChatGPT's parent company, OpenAI. Other companies with AI exposure, including Tesla and Meta Platforms, also notched huge gains in the first half.
Grantham, who called the dot-com crash in 2000 and the housing bubble's implosion in 2008, told the WSJ that the AI frenzy could fuel the wider stock market for another couple of quarters. But he warned it wouldn't stop the superbubble from eventually popping. Helast year that the S&P 500 might bottom out below 2,500 points — a brutal 44% drop from its current level.
If Grantham's forecast is correct, GMO stands to profit. It has placed bets against several high-flying growth stocks, and loaded up on deep-value stocks that it expects to shine in the years ahead. The downturn will be a"wonderful, generational opportunity to make money," Ben Inker, the firm's co-head of asset allocation, told the WSJ.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
NASCAR Chicago updates: Cup Series gets underway following delayWeather issues caused the postponement of Saturday’s NASCAR Xfinity Series Loop 121 race, and sailing continues to be rough as weather is once again causing issues with the resumption of the race Sunday.
Lire la suite »
Chicago elected school board map delay could hurt candidates“A lot of people who think they have an opportunity to run now may not,” said Taschaunda Hall, a mom and member of the children and parents advocacy group Kids First Chicago.
Lire la suite »
Ghostbusters: Afterlife 2 Actor Confirms 'The Movie Is Done' Filming & Addresses A Potential Release DelayExclusive: Ernie Hudson confirms that Ghostbusters: Afterlife 2 is officially done filming and addresses whether strikes will cause a release delay.
Lire la suite »
Tyler James Williams isn't concerned about Abbott Elementary delay amid strike'We stand behind them a hundred percent, completely,' Williams said in support of writers on the picket line
Lire la suite »
Player safety key, organisers say, after Centre Court roof delayWimbledon organisers defended their Centre Court roof policy on Tuesday after Novak Djokovic's opening match suffered an 80-minute delay after a rain shower made the grass too slippery.
Lire la suite »