The 30-stock Dow recorded its worst day since last March following hotter-than-expected inflation data.
Artificial intelligence will be more than just a passing fad, but that doesn't mean now is a good time to buy the stocks tied to the trend, according to GMO co-founder Jeremy Grantham. 'My guess is we are getting wildly enthusiastic about AI. It is an incredibly important development, like the internet was, and probably more so.
… But it will need a digestive phase. We are, I think, way over our skis,' Grantham said at the Exchange ETF conference on Tuesday. The fund manager, who has built his multidecade career around identifying quality stocks and avoiding speculative booms, compared AI to the tech bubble around 2000 and the bubble in railroad stocks more than a century ago. — Jesse Pound
France Dernières Nouvelles, France Actualités
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