For the past several months, talk of an ‘AI bubble’ has been a media mainstay. I’m sure you’ve seen the headlines – ‘Will AI Be a Bust? A Wall Street Skeptic Rings the Alarm,’ ‘The Thrill of AI Is Fading,’ ‘Wall Street Sounds AI Bubble Alarm.’
But the truth is, the AI Boom remains alive and well. Indeed, the Global X Artificial Intelligence ETF (AIQ) is up about 20% since early August. And AI stocks are now broadly up about 40% over the past year and 90% since late 2022.
AI stocks have been, still are, and will likely remain on fire.
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