Economist Dismisses AI Bubble Fears: Says Disruptive Technologies Might 'Be Antidote To The Headwinds Of Today'

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Jeffrey Roach, PhD, chief economist at LPL Financial, distanced himself from bubble fears and instead emphasized the productivity-gain narrative from new disruptive technologies like artificial intelligence.“While some are drawing parallels between the current period and the late-1990s tech bubble and concluding that a crash may be coming, that's not our view at all,” Roach stated in a Monday note.

Analysts and economists continue to question whether we are on the verge of witnessing an AI bubble burst similar to the dot-com collapse of the early 2000s, and what the economic repercussions of such an event might be.

In recent days, investor concerns have grown due to a semiconductor sell-off led by Nvidia Corp.(NASDAQ:NVDA), which fell by over 13% since last week’s record highs.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: AI Expert Ideas Benzinga Analyst Color Artificial intelligence Econ #s Equities Economics NVDA US67066G1040 Jeffrey Roach Top Stories Stories That Matter Macro Notification Tech

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-25 @ 16:08:00 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21387002

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