One of the best minds on Wall Street, Jim Cabello, feels that the AI trade may have hit a wall after NVIDIA's struggles. If NVIDIA's stock breaks down below a certain level, it could be doomed.
Doug McIntyre highlights the unprecedented climb of NVIDIA without a correction, questioning its sustainability in the AI market. The involvement of the 'magnificent seven' tech stocks raises concerns about a potential sell-off.
Lee Jackson compares the current AI boom to the dot-com era, suggesting that many companies in the sector might not survive. Regulatory scrutiny, ethical issues, and high energy consumption are factors that could impact future AI investments.
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