Is A.I. set to revolutionize the global economy, ushering in an age of booming productivity and, by extension, surging stock prices? Or is it just another speculative bubble that will ultimately leave investors in the dust? That’s the debate on Wall Street at the moment—and there are leading voices in both camps.
David Trainer, founder and CEO of investment research firm New Constructs, told Fortune earlier this summer that he fears investors are getting ahead of themselves by betting on richly valued A.I.-linked equities. “We’re seeing just one fad after another. It’s FOMO, and more and more stocks are moving to ridiculous heights…Investors just have to be really careful,” he warned.
