Billionaire Michael Novogratz said artificial intelligence is in “the biggest bubble of our lives,” but investors should still actively participate. “The bubble won't end like the state we are in today,” he said during a panel discussion at the Greenwich Economic Forum in Greenwich, Connecticut, USA on October 6. “I know how bubbles ended; they always burst in spectacular ways, and they're not spectacular enough right now.” As the founder and CEO of the cryptocurrency group Galaxy Digital, Novogratz believes that judging from the price-earnings ratio, stocks related to artificial intelligence still seem cheap. If you haven't invested in artificial intelligence, you might as well go home and bury your head in a bucket of ice.”
Zhitongcaijing · 1d ago
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Billionaire Michael Novogratz said artificial intelligence is in “the biggest bubble of our lives,” but investors should still actively participate. “The bubble won't end like the state we are in today,” he said during a panel discussion at the Greenwich Economic Forum in Greenwich, Connecticut, USA on October 6. “I know how bubbles ended; they always burst in spectacular ways, and they're not spectacular enough right now.” As the founder and CEO of the cryptocurrency group Galaxy Digital, Novogratz believes that judging from the price-earnings ratio, stocks related to artificial intelligence still seem cheap. If you haven't invested in artificial intelligence, you might as well go home and bury your head in a bucket of ice.”
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