Jeremy Grantham warns AI stock boom mirrors historical market bubbles on The Diary of a CEO podcast
By
Moz Farooque
Summary
Legendary investor Jeremy Grantham warns on Steven Bartlett's podcast that the AI stock boom is mirroring historical market bubbles that investors typically only study after they burst. He points to the meteoric rise of AI stocks like Nvidia (from ~$16.89 in Nov 2022 to ~$193.75 currently) as evidence that the market has entered a dangerous speculative zone reminiscent of past crashes.
Source
bskyJeremy Grantham warns AI stock boom mirrors historical market bubbles on The Diary of a CEO podcastbit.lyKey quotes
· 3 pulledThe AI stock boom has entered the same danger zone as the great market bubbles that investors typically study only after they burst.
Over the past couple of years, AI stocks have done the heavy-lifting, with mega-cap tech, chipmakers, and growth funds carrying the market to new highs.
AI posterchild Nvidia closed at about $16.89 on Nov. 30, 2022 (after ChatGPT's launch). The stock is currently trading around $193.75.
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