AI Bubble Fears Grow as Tech Stocks Plummet

Concerns rise over AI bubble as tech stocks plummet, drawing parallels to the dot-com crash. The Magnificent Seven tech companies now hold a market value greater than Chinas economy. Experts debate the sustainability of AI stocks, with some arguing that todays AI giants are generating real profits, while others point to a supply-side challenge in meeting the industrys infrastructure needs. The backlog paradox emerges, where AI companies struggle to deploy infrastructure fast enough to capitalize on demand.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.