Stock Market Crash: AI Stocks Bubble and Recession Prediction for 2024

The article discusses the potential for a stock market crash, particularly in the artificial intelligence (AI) sector, and the possibility of a recession in 2024. It highlights the rapid growth and hype surrounding AI stocks, with companies like Nvidia, Microsoft, and Google seeing significant gains. However, concerns are raised about a potential bubble forming, as valuations may be disconnected from fundamentals. The article cites warnings from experts like Michael Burry, who predicted the 2008 housing crisis, about the risks of excessive speculation in AI stocks. Additionally, it explores the potential impact of rising interest rates and a slowing economy on the stock market, suggesting that a recession could occur in 2024. The article emphasizes the need for caution and prudent investment strategies in the face of market volatility and economic uncertainties.

Source: https://markets.businessinsider.com/news/stocks/stock-market-crash-ai-stocks-bubble-recession-prediction-economy-outlook-2024-8