There’s a lot of excitement around AI-focused stocks right now, but market veteran Art Hogan urges caution when it comes to companies that are just trying to take advantage of the hype without having true ties to the industry.
The chief market strategist at B. Riley Wealth joined the What Goes Up podcast to discuss how he views the artificial intelligence investment landscape, as well as other market trends.
“If we start to see the capital markets open, and we start to have a flood of newly minted companies that are AI-specific or adjacent, I would avoid that at all costs because they likely don’t have models,” he says.
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09/01/23 • 38 min
What Goes Up - How to Avoid Getting Burned by the AI Hype
Transcript
Hello, and welcome to What Goes Up, a weekly markets podcast. My name is Mike Reagan. I'm a senior editor at Bloomberg and I'm Aldana Hire across Asset reported with Bloomberg at this week on the show, Well, this year's red hot stock market finally cooled off a bit in August. I followed a blistering rally that saw the SMP five hundred gain almost twenty percent and the NASDAC one hundred climb forty four percent through July. So what are we to ma
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