How wild the market’s bet on AI really is
- 2 hours ago
- 1 min read
WALL STREET JOURNAL — Initial public offerings of AI giants were seen by many investors as a can’t miss opportunity, but it’s little wonder markets are getting cold feet. They look like extreme long shots when you apply a common sense statistical test to them. So do many stocks that are already listed.
The usual retort in a bull market for the new-new thing is that skeptics “don’t get it.” Yet a time traveler dropped into the peak of the dot-com bubble wouldn’t have had to know anything about that transformative technology. T
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