Posted 4/1/2024, 10:01:11 AM
Analyst Warns of AI Bubble While Highlighting Google's Strength
- Market watcher warns current AI frenzy could lead to "enormous correction" like the dot-com bubble burst in the early 2000s
- While AI tech is real, current tools are more consumer-oriented rather than enterprise ROI-driven as needed for wide deployment
- Analysts highlight Google's resilience, capacity for innovation, and significant AI capabilities
- Separate analysts optimistic for 2024 market growth concentrated in 2H2024; expect some weakness in Q2-Q3 before next leg up
- Best 6 Months seasonal strategy for Dow and S&P has yielded 2x average gains; sell signal approaches after April 1