""not smart enough""
""it's not different this time.""
""There will be a lot of capital that was deployed that didn't deliver returns,""
""I wouldn't be surprised if in the next 12-24 months we see a drawdown in equity markets but that shouldn't be surprising given the run we've had,""
AI investment shows characteristics similar to prior sector booms where concentrated capital chases outsized returns and many investments fail to deliver. Large technology firms and heavy AI investment have driven a prolonged rally in major equity indices. Market concentration has increased substantially, with the largest companies comprising an unusually large share of total market capitalization. Given the extended run-up, a modest drawdown in equity markets over the next 12–24 months is plausible. Some industry leaders describe the AI investment surge as an industrial-style bubble rather than a conventional financial bubble.
Read at Fortune
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