Apollo, a prominent asset manager, has issued warnings about an AI bubble, comparing it to the tech bubble of the 1990s. Torsten Slok from Apollo highlights the overvaluation of top companies like Microsoft, Nvidia, Tesla, Meta, Apple, Google, and Amazon. The market is being described as a Nvidia-led tech bubble, with concerns raised about the potential crash of the Nasdaq due to the inflated hype surrounding AI stocks.
The 'Wizard of Wharton' says a tech bubble may be forming — and AI stocks like Nvidia could crash https://t.co/sBwt9R6ZOW
The 'Wizard of Wharton' says a tech bubble may be forming - and AI stocks like Nvidia could crash https://t.co/uzDForBuxX
"The top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s." - Torsten Sløk https://t.co/5EzzrZvzuw
"The top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s". - Torsten Sløk, Chief Economist at @apolloglobal. https://t.co/q4uAz2VplR https://t.co/rtektoKG3U
As Nvidia hits $2 trillion, billionaire Marc Rowan’s asset manager Apollo calls AI a “bubble” worse than even the dotcom era. https://t.co/ck5PEnbaSp
BREAKING: Apollo has said that the current AI bubble is bigger than the 1990s tech bubble.
Yep, you are living in a Nvidia-led tech bubble: https://t.co/opQLvkfuj6 by @BrianSozzi $NVDA $QQQ https://t.co/yhH2fKUlY6
After Friday, Apollo's $APO Torsten Slok thinks that the top 10 companies in the S&P 500 today are more overvalued than the top 10 companies were during the tech bubble in the mid-1990s... He calls it the AI bubble... $MSFT $NVDA $TSLA $META $AAPL $GOOG $AMZN Does this… https://t.co/1iva22V82Q
The AI bubble is so big that it will probably crash the Nasdaq once the hype loses a little juice.
Apollo issues warning on tech bubble $nq $es $nvda $msft $qqq https://t.co/AdrD16lbP5