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Goldman's Top Stock Analyst Is Waiting for AI Bubble to Burst
Analysis July 18, 2024 at 03:44 PM
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What You Need To Know
- It happened with dot-com companies in the late 1990s and more recently with cryptocurrencies, says Jim Covello.
- One survey found that fewer than half of companies investing in AI have yet to see a significant return.
- AI has shown the promise of making some jobs like coding more efficient, but not by nearly enough to justify the expense.
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