ChatGPT Is Overhyped and the Craze for AI Stocks Is Set to Fizzle
The ChatGPT craze is reminiscent of other bubbles, and skyrocketing AI stocks will eventually have to come back down to earth, one strategist says.
Stay updated with breaking news from Dot Com Bubble. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The ChatGPT craze is reminiscent of other bubbles, and skyrocketing AI stocks will eventually have to come back down to earth, one strategist says.
Berkshire Hathaway shares gained 3% last year, though the S&P 500 tanked 20% amid high inflation and rising interest rates.
Burry hinted the S&P 500 and the Fed's benchmark interest rate could both fall dramatically, as they did in 2001 and 2002.
From Apple to Britney Spears, these are some of the most unforgettable commercials.
Burry warned the S&P 500 could halve in value, the US economy might suffer a prolonged downturn, and Tesla would come under pressure.