Investors are loving AI right now, with chipmaker Nvidia sitting near a $1 trillion market cap.
But a veteran investor told Bloomberg it "smells very much like the dot-com era."
The AI boom could end up the same way as the dot-com bubble, a veteran ESG investor warned in a recent Bloomberg interview.
And new research indicated that the generative AI market could become a $1.3 trillion industry by 2032.
"I think the market has got a little bit over its skis," Penny told Bloomberg.
Persons:
Sam Altman, James Penny, –, ChatGPT –, Penny, I'd
Organizations:
Nvidia, Bloomberg, Companies, TAM Asset Management, Amazon