Source: Tech – South China Morning PostThe global artificial intelligence trade is flashing signals reminiscent of past market tops, with winners outpacing the broader market by a wide margin and a slew of jumbo initial public offerings (IPOs) in the pipeline.
The gap between richly valued stocks and cheaper ones had reached extremes seen only before the dotcom bust in March 2000, according to Bank of America.
At the same time, the pace of new listings was matching the run-ups to the 2000 and 2008 declines, according to investors…Read More