Sam Altman just dropped a bombshell: AI might be a bubble! 💥💭
He likened today’s market vibes to the dot-com frenzy of the '90s. Remember how everyone was throwing cash at every tech startup, only for Nasdaq to tank by 80% in just two years? 🚀📉 Many companies couldn’t even turn a profit!
“Bubbles form when smart folks get way too hyped about a great idea. Are investors currently too obsessed with AI? Yup, I think so. But is AI still the biggest game-changer we've seen in ages? Absolutely!” 💡✨
Fun fact: If this market is indeed a bubble, it’s already bigger than the internet bubble! 📊 Thorsten Slok, that Wall Street economist you may have heard of, says today’s stock valuations for the top 10 companies are way overcooked compared to back then. Check out that chart! 📈👀
