There are fresh signs that the AI boom is wobbling. Again. In recent weeks, a much-vaunted AI focused hedge fund run by Valley wunderkind Leopold Aschenbrenner lost $35 billion dollars. South Korea saw its largest-ever stock market collapse as investors pulled bets on AI chips. Due to a fresh series of moratoria and political opposition, the future of the massive data center buildout has never looked more uncertain. The US markets have dipped and boomed, dipped and boomed.
He’s been warning about the bubble popping for as long as AI boosters have been saying “AI is going to keep improving; this is the worst it will ever be.”
Not sure what the savvy investor can do with their total market index IRA that’s not trying to “time the markets”.