AI Stocks Boom: Experts Predict Unbubble

Despite concerns of a market bubble, Fidelity International and Allianz Global Investors remain bullish on AI stocks, citing massive spending plans and rapid adoption as key growth drivers. Joseph Zhang, a portfolio manager at Fidelity, believes the AI party is just beginning, expecting the market to rebound after any corrections. Meanwhile, Jeff Bezoss new AI venture and SoftBank Groups reduced exposure fuel debate, but many see AI as a once-in-a-generation technological revolution. Allianzs Hartwig Kos notes that investors dont yet understand AIs full potential, and Zhang adds that there havent been any signs of an AI slowdown. A strong Nvidia earnings report could lead to a market rebound, with Zhang seeing liquidity-driven corrections as good buying opportunities.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.