Newsmv
Jeremy Grantham is warning that soaring artificial intelligence valuations have pushed the U.S. stock market to its most expensive level in American history.
The assessment places AI-driven enthusiasm at the center of what he describes as a historically extreme stretch in prices across U.S.
A Price Warning, Not a Technology Verdict Grantham's argument is about valuation, not about whether artificial intelligence will ultimately deliver. Soaring AI-related prices have, in his view, carried the entire U.S.
market to a level he describes as the most expensive it has ever been — a claim that sets current conditions above every prior historical peak.
Keep reading