People are chasing AI stocks like 'dogs chase cars' — and a crash looks certain, veteran investor Bill Smead says [0]
> Smead said the problem isn't whether AI companies realize the technology's potential benefits, but that "whatever success they might have has already been massively overcapitalized."
When you consider the bill for electricity for the data centers, eventually they can't make a profit and will be shut down or shuttled. Then the bubble will pop.
> Smead said the problem isn't whether AI companies realize the technology's potential benefits, but that "whatever success they might have has already been massively overcapitalized."
[0] https://www.businessinsider.com/ai-stocks-bubble-crash-smead...