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MarketBeat
MarketBeat
Business
Jessica Mitacek

Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?

As the world’s insatiable appetite for artificial intelligence (AI) continues to drive a global memory chip shortage, a handful of companies are experiencing outsized gains so pronounced that they have prompted some investors’ concerns about a looming AI bubble to resurface.

Last month, the number of publicly traded companies in the $1 trillion market cap club grew from 10 to 13.

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