JPMorgan Chase Vice Chairman warns AI valuations may be undergoing a "correction".
JPMorgan Chase Vice Chairman Daniel Pinto stated that the booming artificial intelligence industry's valuation needs to be reassessed and warned that any downward adjustment could trigger a chain reaction across the entire stock market. Pinto said at a summit held in Johannesburg on Tuesday: "A correction is very likely to occur, possibly affecting the entire sector, the S&P index, and the whole industry." According to McKinsey & Company estimates, this year the world's top five technology companies are expected to invest about $371 billion in data centers required for training and running complex models. By the end of this decade, to meet demand, cumulative investment in such infrastructure is expected to reach $5.2 trillion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altseason Pump: Can Ripple Altcoin XRP Replicate 350x Returns Same as 2018 in 2026?

The Strait of Hormuz May Reopen, But the System Has Already Broken
Top NFT Sales of the Week, Flying Tulip on Top
Why did Ethereum Foundation unstake $40M in ETH?
