JPMorgan's Bill Eigen Warns the AI Boom Is Starting to Resemble the 2008 Housing Crash: 'What I'm Terrified of Is…'
J.P. Morgan's Bill Eigen said the AI boom shows the same warning signs as 2008's real estate crash, not a typical tech cycle.
A smart money expert at JPMorgan noticed that companies are spending huge amounts on AI in a way that reminds him of when people borrowed too much for houses in 2008. When smart investors worry about how fast something is growing, it's worth thinking about whether companies are spending wisely or just following the crowd.
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