Posted 3/14/2024, 11:51:00 AM
Grantham Predicts AI Stock Bubble Will Burst, Drawing Parallels to Dot-Com Crash
- Grantham believes the AI stock boom is a bubble that will deflate, calling it "unprecedented"
- He cites the dot-com crash and financial crisis as examples of his ability to predict market downturns
- Grantham sees signs of speculation similar to previous bubbles, expects stocks to resume their sell-off
- He recommends investing in quality stocks, energy, metals due to scarcity and price increases
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