Jim Rickards Warns the AI Trade Looks Like a Bubble in Every Respect

Bestselling author and macro strategist Jim Rickards argued that the artificial intelligence trade "just looks like a bubble in every respect."
While acknowledging the staying power and capabilities of the underlying technology, Rickards questioned the financial viability supporting the sector's current valuations.
"Is the technology going away? No. Is it powerful? Yes. But is this financially sound? Not even close," Rickards stated.