In a recent interview, billionaire investor Howard Marks cautioned against overconfidence in Artificial Intelligence (AI) stocks, stressing that the technology’s transformative potential does not make it immune to market crashes.

What Happened: Marks, the co-founder of Oaktree Capital Management, shared his thoughts on AI stocks with CNBC on Tuesday. He acknowledged the technology’s potential to revolutionize the world but warned that this alone does not guarantee the success of its underlying assets, reported Business Insider.

“Every bubble starts from widespread conviction,” Marks said. “Everybody believes A, they bid the beneficiaries of A up to the moon. It turns out, it’s overdone.”

Marks drew parallels between the current AI investment trend and the dot-com bubble of the late ’90s, where the internet’s emergence led to a surge in stock prices. However, many of these stocks ended up being worthless.

See Also: Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock

Despite recognizing AI’s potential, Marks emphasized …

Full story available on Benzinga.com

In a recent interview, billionaire investor Howard Marks cautioned against overconfidence in Artificial Intelligence (AI) stocks, stressing that the technology’s transformative potential does not make it immune to market crashes.

What Happened: Marks, the co-founder of Oaktree Capital Management, shared his thoughts on AI stocks with CNBC on Tuesday. He acknowledged the technology’s potential to revolutionize the world but warned that this alone does not guarantee the success of its underlying assets, reported Business Insider.

“Every bubble starts from widespread conviction,” Marks said. “Everybody believes A, they bid the beneficiaries of A up to the moon. It turns out, it’s overdone.”

Marks drew parallels between the current AI investment trend and the dot-com bubble of the late ’90s, where the internet’s emergence led to a surge in stock prices. However, many of these stocks ended up being worthless.

See Also: Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock

Despite recognizing AI’s potential, Marks emphasized …

Full story available on Benzinga.com

 In a recent interview, billionaire investor Howard Marks cautioned against overconfidence in Artificial Intelligence (AI) stocks, stressing that the technology’s transformative potential does not make it immune to market crashes.
What Happened: Marks, the co-founder of Oaktree Capital Management, shared his thoughts on AI stocks with CNBC on Tuesday. He acknowledged the technology’s potential to revolutionize the world but warned that this alone does not guarantee the success of its underlying assets, reported Business Insider.
“Every bubble starts from widespread conviction,” Marks said. “Everybody believes A, they bid the beneficiaries of A up to the moon. It turns out, it’s overdone.”
Marks drew parallels between the current AI investment trend and the dot-com bubble of the late ’90s, where the internet’s emergence led to a surge in stock prices. However, many of these stocks ended up being worthless.
See Also: Meta Platforms Q1 Earnings Highlights: Facebook Owner Beats Estimates, But Guidance, Higher Costs Ding Stock
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