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Benzinga
Benzinga
Business
Daragh Thomas

Microsoft, Amazon, Meta, Google Are 'Collectively Overinvesting' In AI: 'That's Betting, Not Investing,' Says 'Dean of Valuation'

Aswath Damodaran Meta Amazon Microsoft Google Nasdaq NYU Stern
A Big Bet on AI and Tech Infrastructure

Aswath Damodaran, the NYU Stern professor known as the “Dean of Valuation,” says Big Tech is “collectively overinvesting” in artificial intelligence, driven as much by fear of being left behind as by any clear path to profit.

Speaking on the Prof G Markets podcast this week, Damodaran argued that the AI spending race among Microsoft Corp. (NASDAQ:MSFT), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:META) and Alphabet Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG) has gone too far.

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