AI rally still in its early stages: PAM
While acknowledging future risks, Principal Asset Management has argued strong fundamentals are cushioning the artificial intelligence (AI) boom - at least for now. Although comparisons with the dot-com era persist, the asset manager says that despite some bubble-like traits, the current macro backdrop and fundamentals for the AI boom are far more supportive, though with risks further down the road. In a recent note, the firm’s market...
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