AI isn’t in a bubble—the cash (and the hype) are real, these analysts say

The S&P 500 hit a new all-time high Wednesday (up 0.58% on the day), driven as usual by tech stocks (the Nasdaq Composite rose 1.12%), despite the fact that both the IMF and the Bank of England warned that AI might be a bubble and stocks are due for a sharp correction.For weeks, all the talk on Wall Street is that the growth of the AI sector must, surely, be unsustainable and that this bubble is due to pop. The record-high price of gold, alone, suggests that a lot of investors want a hedge against an implos ...