AI, AI, oh how the market loves thee! Big tech companies like Alphabet and Microsoft are tripping over each other to hop on the AI train. Meanwhile, AI startups like SoundHound AI and c3.ai are seeing their stock prices skyrocket, doubling their value faster than a magician can say “abracadabra”.
But hold on a second, is this AI craze just a fleeting moment or is it here to stay? Steve Eisman, of “The Big Short” fame, thinks it's just another bubble, like the “Amazon disease” where people are always on the lookout for the next big thing. Eisman thinks that the investment community is making decisions based on who has the biggest TAM (Total Addressable Market), without thinking about the actual viability of the business model.
What's your take on this AI madness? Is it just another bubble or the next big thing in the stock market? Share your thoughts and opinions below!
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