Investors should beware of AI's circular financing trap, look for alternatives like Broadcom

The AI gold rush has investors cautious that the industry may be feeding itself through a risky cycle of circular financing. "I would be cautious on the financing aspect of OpenAI, the circular financing," Miramar Capital co-founder Max Wasserman told Yahoo Finance's Opening Bid. "Given the concentration, you need to diversify the portfolio, and you need to understand what you own and what happens if you're wrong." He added that if the AI trade "goes south, it's going to take the indices with it." An e ...