The fever for artificial intelligence is on the rise with levels never seen before in any technological advance, although perhaps the most veterans remember everything that happened with the bubble of the Puntocom in the late 90s.
Now, Torsteneconomist of Apollo Global Managementhe has warned that the market is currently overvalued to different technological giants such as Nvidia and Microsoft for the theme of AI.
The economist warns that the stock market It has been carried away by unrealistic expectations about advances in artificial intelligencewith high ratios that indicate excessive optimism about future benefits in this sector.
Specifically, he names an S&P 500 analysis that shows clear peaks in 2000 with the Puntocom bubble, next to the 2020 and 2025 years; That is, there are similarities.
Apollo Global Management
In fact, companies such as Nvidia, Microsoft, Apple, Amazon, Meta, Alphabet and Tesla They represent most of the growth of the S&P 500 indexbut comments that these valuations reflect more hype than tangible results.
If this bubble of artificial intelligence explodes, as already happened with the crisis of the Puntocom at the end of the last century, it could lead to the bankruptcy of many technological startups and a hard blow for the large technological conglomerates, which could be reflected in mass dismissals.
Meanwhile, technological giants continue to invest millionaire sums in advances in artificial intelligence.
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Tags: Artificial intelligence