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Here were some quotes from the article:
If we’re not there already, we are close to the fervour stage. Markets are wildly optimistic. No one wants to think about the downside. They just want to be a part of this,” said Drew Dickson, founder of Albert Bridge Capital. “But the fact is that not everyone can win, and spending on AI is not necessarily a panacea.”
“When they built the railroads in the 1880s, the equity values initially went nuts until reality set in, same story for radio stocks in the 1920s, and ‘dot-coms’ in the 1990s,” he added. “We will reach that stage with AI that we’ve seen time and time again. Everything today is being lifted by the tide. There will eventually be winners and losers, but that won’t be clear for a while.”
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