Apollo calls AI a “bubble” worse than the dotcom era
February 26, 2024When Nvidia crossed the $2 trillion market cap threshold on Friday, tech bull Dan Ives of Wedbush Securities predicted the party was just starting for artificial intelligence stocks.
By the look of it, billionaire Marc Rowan is happy to be on the opposite side of that trade after his investment firm Apollo Global Management warned valuations have surpassed the excesses of the dotcom era.…
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