US Tech Titans Are Spanding Huge Sums to Win the AI BREAK – and the Ones That Lose See Their Stock Prices Take A Hit, “Bond King” Bill Gross Has Warned.
The Billionaire Investor Gave His Thoughts to Business Insider AFTER ORCLE’S Market Value by as Much As 43%, or Nearly $ 300 Billion, on Wednesday, thanks to an-Drivenue Projection.
“My Biggest Concern is What Economists Ref to As ‘Malinvestment,’ Gross Said in An Email.
GROSS-WHO COFUNDED The Fixed-InCome Titan Pimco and Gray Its Flagship Total Return End to $ 270 Billion Over Nearly Three Decades-Said the Giants Are Racing to Dominate Various He Sectors and “Seem Willing to Risk Over-Investment in Hopes of Futin.”
“Some Fail and Current Trends – and Stock Prices Based on say – May Experience Significantly Reduced Growth,” Gross Said.
He singled out he dates and the “nozzle of Billions” being spent on me by companies like Amazon, Meta, Microsoft, and Oracle. Electricity providers are Also “gearing up to suply say,” he added.
He Companies Are Investing Vast Sums in Microchips, Servers, and Other Infrastructure They Need to Build and Train Increasingly Advanced Models and Harness He in Other Ways.
Amazon, Meta, Microsoft, and Alphabet Are Poked to invest more than $ 300 billion into he this year.
The Immense Buzz Around he has lit of a fire under tech Stocks.
Shares of the Nine Most Valuable Tech Companies-Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, Broadcom, Tesla, and Oracle-have all more than the start of 2023, with nvidia surging and meta leaping around six-powered. The Group’s Combined Market Value Now exceeds $ 22 trillion.
