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Immediately: Why the AI Crash Could Be Worse Than the Dot-Com Bubble Burst—Much Worse

Thomas Mathews, Head of Asia-Pacific Markets at Capital Economics, believes the worst for the AI boom is yet to come following a sell-off that wiped US$2.3 trillion off the value of Nasdaq.

12 Nov, 16:47Read in Russian

financialpost.com

A massive sell-off of artificial intelligence-related stocks last week erased US$2.3 trillion in Nasdaq's value. The event evoked memories of the dot-com bubble burst, though the question of whether an AI bubble has formed remains contentious.

U.S. stocks have recovered after the decline. However, concerns are growing about the sustainability of the AI investment boom and what will happen after it ends. Mathews believes that the worst is yet to come for this boom.

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