Where’s the Business Plan? Market Worries About AI Grow

Peter Andersen thinks the market is beginning to worry about business plans and profitability for AI use. He expects a correction in the sector and has sold out of his Nvidia (NVDA) positions. He compares the dot-com bubble to today’s AI hype, highlighting the fact that “there is no business plan” from any players. Peter also believes the Fed should not cut rates again, especially as we miss data because of the government shutdown.

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