Experts warn AI bubble may soon burst
The surging growth in demand for AI products and the hype surrounding them has driven technology stocks to new highs in the last year, but now experts suggest the AI bubble is bursting.
This comes after Monday (August 5) saw a substantial one-day crash on the stock exchange, with AI-related businesses heavily impacted.
The ‘Magnificient Seven’ which includes Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla saw a combined loss of more than $650 billion in market cap.
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