Howard Marks, co-chairman of Oaktree Capital Management, officially labeled the artificial intelligence (AI) boom a “bubble” in a memo released Tuesday, but with a crucial caveat: avoiding the sector completely could be as dangerous as betting the house on it.AI’s ‘Irrational Exuberance’ With A Kernel Of TruthIn his latest memo, titled “Is it a Bubble?,” Marks characterizes the current market sentiment as “irrational exuberance.”However, he distinguishes the AI craze from “mean-reverting” financial fads, ca ...