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Benzinga
Benzinga
Business
Bibhu Pattnaik

Bank Of America Strategist Sounds Alarm On Potential AI Stock Market Bubble: 'It Better Be Different This Time'

Michael Hartnett Stock Market
Economic,Bubble,Burst,And,Stock,Market,Speculation,Concept,And,Overvalued

Bank of America strategist Michael Hartnett has voiced concerns about a possible bubble in the AI stock market. This comes in light of valuation metrics reaching historic highs.

Hartnett has pointed out the S&P 500’s price-to-book ratio, which is a valuation measure comparing the total market cap of the index’s constituents to their total assets minus liabilities.

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