QQQ: Nvidia's Huang Warns About AI -- This Could Burst The Bubble
- Nvidia Corporation CEO Jensen Huang warns that “we're still several years away from getting an AI we can largely trust” and that pre-training the models is not enough to solve the problem.
- The implication is that the Gen AI is not ready for a broad adoption, and it's unlikely to be ready anytime soon.
- Thus, the economy is unlikely to get the promised productivity boost, and the earnings for Gen AI tech mega-caps are likely to plummet as the Gen AI bubble bursts.
- Investors should sell the tech-heavy Invesco QQQ Trust ETF in response to Huang's warning.
Chip Somodevilla
Huang's Gen AI warning
NVIDIA Corporation (NVDA) CEO Jensen Huang was in Hong Kong over the last weekend, where he received his honorary Ph.D. in Engineering from the Hong Kong University of Science and Technology.
During his
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