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Beware of the AI hangover

Artificial Intelligence (AI) related stocks have been on an absolute tear. The Magnificent Seven, which is one proxy for AI plays, has beaten the S&P 500 for six consecutive quarters. But the degree of outperformance is decelerating. This looks like the early stages of an AI hangover.

 
I believe AI stocks are overhyped short term but underhyped long term. Here’s why.

The full post can be found here.

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