AI bubble versus the Fed

Friday, 26 May 2023

The Market Ear with more dimensions of the AI bubble.

About to get FOMOd?

Maybe a new verb to add. Mutual Funds were, at the start of this quarter, running big underweights in all the stocks that have performed the best: NVDA, AAPL, MSFT, TSLA, AMZN, GOOGL…

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.