WCM Investment Management portfolio manager Ryan Quinn has warned his Australian clients that amid the euphoria for artificial intelligence-related stocks, there are charlatans that could spur big losses once the market bubble finally bursts.
While that hasn’t stopped US-based Quinn, who oversees the $186 billion money manager’s Quality Global Growth Fund, from investing in AI, he cautioned frothy valuations in the tech sector could be linked to the exuberance of the dotcom era in the late 1990s.
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