Morgan Stanley's Lisa Shalett Says Nvidia At the Center Of A Possible 'Cisco Moment' For AI In 24 Months: 'Not Going To Be Pretty'

Lisa Shalett, the chief investment officer at Morgan Stanley’s (NYSE:MS) wealth management business, has expressed her concerns about the current market boom, which she believes is heavily reliant on massive capital investments in generative artificial intelligence.AI Spending Surge Could Trigger Dotcom-Style RiskShalett, in an interview with Fortune this week, said the over reliance on generative AI capital expenditures was a potential risk to the market’s stability. She warned that if this narrative falte ...