Top economists and financial experts are warning that the stock market might soon crash because of too much excitement around artificial intelligence (AI) stocks. The Bank of England, International Monetary Fund (IMF), and big financial firms said that trading in AI-related companies has become “overheated”, which raises the risk of a global stock market crash.
Jamie Dimon, the head of JPMorgan Chase, said there could be a “serious market correction” within the next six months to two years. A “bubble” happens when prices of assets like stocks go too high because of investor excitement, not because of real value.
A similar bubble recently happened with weight-loss drug companies like Novo Nordisk, whose stock fell over 50% in a…
