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Windows Central
Windows Central
Technology
Kevin Okemwa

Billionaire investor warns "The faster and higher things go up, the harder they fall" while talking about skyrocketed AI stocks, which will predictably lead to an inflationary economic slowdown

Jeffrey Gundlach Inflation Microsoft DoubleLine Capital OpenAI Meta Sam Altman Nvidia Stock Market
A robot that looks like a Terminator looking over AI.

What you need to know

  • DoubleLine Capital CEO Jeffrey Gundlach says the current AI wave reminds him of the dot-com era.
  • The billionaire investor warns that the current market is grabby and momentum-driven, citing that the rush to invest in AI is a huge risk and will eventually accrue massive losses.
  • The CEO attributed that stocks have skyrocketed because of the interest cuts, which have attracted customers to spend rather than save. 
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