GMO warns that AI stocks are exhibiting the classic signs of being in a bubble. The firm sees parallels to the dot-com bubble, citing high valuations and speculation. Instead of AI, the firm likes developed market value stocks and non-US small-cap value. Jeremy Grantham's GMO has periodically warned of an AI bubble for years now, even while most market onlookers remained bullish. Now, as fears of overexuberance begin to grip the broader market, the famed asset management firm is reiterating its bear ...