India's CEA V Anantha Nageswaran warns of AI stock bubble
India's chief economic adviser, V Anantha Nageswaran, is sounding the alarm about a "bubble" in AI stocks.
He feels the buzz around AI's impact on jobs and productivity is exaggerated, mostly to attract investors.
With companies like NVIDIA hitting record valuations, he's urging people to look beyond the hype.
Christopher Wood warns of market correction
Nageswaran isn't convinced by big profit projections from AI, saying they're "this is going to be such a productivity bonanza, you won't need anybody to produce the output," and mostly benefit capital owners instead of workers.
Jefferies strategist Christopher Wood agrees. He warns that too much money pouring into these sectors could trigger a market correction soon.
Even with massive spending on AI infrastructure and huge valuations of SpaceX, both experts think current prices might not reflect real risks ahead.