MarketWatch
US · 3 hrs ago
✦ 72◉ Centre
The massive run-up in AI stocks this year may be built on a ‘token mirage’
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Quality 72/100
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◉ Centre ✓ Fair headline
A trading veteran argues that the recent surge in AI stock valuations may not reflect genuine underlying demand for artificial intelligence technology, suggesting the gains could be based on speculative sentiment rather than fundamentals.
The massive run-up in AI stocks this year may be built on a ‘token mirage’
Trading veteran Kevin Muir, author of the Macro Tourist on Substack, raises questions about true demand for artificial intelligence.
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