Goldman’s top stock analyst is waiting for AI bubble to burst

Quick Summary:

He is the leader of a small but growing cohort of market watchers casting doubt on the AI rally.

Microsoft, Alphabet, Amazon and Meta have collectively pumped more than US$150 billion into capital expenditures in the last four quarters, with much of that for computing capacity to train their own large-language models and run workloads for customers.

That has been a bounty for companies like Nvidia and Broadcom that provide the hardware needed to power AI models.

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Category: EconomyBusiness

Markets: SingaporeChina

Topics: Market Stocks Sales Trillion Investment Covello Companies Been Year Tech Nvidia

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-19 @ 08:45:10 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1279 words

Reading Time: 8 minutes read

Sentences: 48 lines

Sentence Length: 27 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 21679897

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