AI Stocks a bubble waiting to pop? | The West Report
Is Wall Street’s AI boom another ticking time bomb? How about crypto?
As investors pour trillions of dollars into AI and crypto, veteran financial journalist Michael Pascoe warns that we are watching the biggest bubble in history; This bubble is likely to hit our retirement benefits hard.
This week on The West Report, Michael West describes how inflated share prices, speculative excitement and corporate diversion are fueling the so-called “AI Revolution.” From Nvidia to Microsoft, Meta to Amazon, we examine how the market is addicted to technology dreams that will not yield real returns.
It’s the .com crash again, but this time it’s bigger and the risks are global.
🧠 Full story written by Michael Pascoe at michaelwest.com.au
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Michael West was founded Michael West Media Focusing on public interest journalism in 2016, particularly the increasing power of corporations over democracy. West was formerly a journalist and editor for Fairfax newspapers, a columnist for News Corp and was even once a stockbroker.
