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Benzinga

Business

Namrata Sen

'Overvalued' AI Stocks Like Nvidia, Microsoft May Trigger Market Crash Worse Than The Dot-Com Bubble, Economist Warns

Microsoft Nvidia Torsten Sløk Artificial Intelligence

Businessman,Holding,Hologram,Ai,Chat,System,Virtual,Icon,Using,On

The current artificial intelligence (AI) frenzy could potentially trigger a market crash more severe than the dot-com bubble burst of 1999, according to a leading economist.

What Happened: Torsten Sløk, Chief Economist at Apollo Global Management, voiced his concerns about the inflated valuation of AI technology in a recent research note, as reported by Fortune.

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