Vanguard Chief Economist Joe Davis warns that investors' rush into AI stocks in 2024 overplays AI's near-term potential and risks a “correction” in share prices
Asset manager's chief economist Joe Davis says investors are overplaying the near-term potential of the technology Bluesky: @emilprotalinski Bluesky: Emil Protalinski / @emilprotalinski : You don't have to be Vanguard's chief economist to realize we're in an AI bubble. — Still, the inevitable correction has eluded every month of 2024 so far... [embedded post]