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Wall Street pundits speak out: Is the current hype around AI stocks doomed?
[Coin World] Recently noticed an interesting signal - Wall Street veteran Jim Cramer has put forward a viewpoint, saying that the current frenzy of AI stocks might need to take a break.
He noticed that some AI concept stocks are starting to show signs of fatigue, and the momentum of “buying with closed eyes and seeing it rise” is clearly not as strong as before. The market's frenzied pursuit of the AI sector may now need to calm down, and the adjustment that is due might be on its way.
To be honest, the recent AI hype has lasted quite a while, and when funds poured in, it indeed created a number of myths. But now that the enthusiasm has waned and valuations have returned to rationality, it can be considered a normal rhythm of the market.