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Is AI driving the next catastrophic financial crash?

Millsy & Karl
Article image for Is AI driving the next catastrophic financial crash?

The incredible expansion of computer chip manufacturer Nvidia has been depicted on the stock market, with the company’s stock rising in value by more than US$250 billion.

Nvidia is at the forefront of AI tech development, which is currently skyrocketing – but should there be worries of a dotcom crash-style bubble?

Finance expert Evan Lucas told Millsy and Karl onĀ 6PR Breakfast there are “bubble-like trends” in the current US market resurgence, yet the “third wave” of tech is seeing supply meet demand.

“That’s why it’s so impressive; the sales of its chips are through the roof. It’s managing not only to keep up with supply, but actually overdeliver,” Mr Lucas said.

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Millsy & Karl
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