It’s no secret that the naysayers have picked the technology sector as their latest target for criticism, this time going as far as to say there is a bubble in the entire artificial intelligence and cloud space. If everyone can see a bubble, it’s not a bubble; that’s what Wall Streeters can add to the table for these accusations. But, for those who don’t trust Wall Street’s opinion, here are other angles to consider.
Three of America’s largest investors have bought into a certain group of stocks inside the industry, and considering these investors have nothing to sell the public, knowing what they have been buying or selling can act only as an additional point of reference for investors to build or dismantle their views on specific companies. Allocators like Stanley Druckenmiller, Michael Burry, and Howard Marks have all recently taken a more optimistic view of technology stocks.
