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JPM Vice Chairman Says Reassessment for AI Valuation Needed
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JPMorgan (JPM.US)'s Vice Chairman, Daniel Pinto, said that there is a need to reassess the valuation of AI, and warned that a decline in the share prices of related companies would have a broader impact on the equity market, according to Bloomberg. He noted that valuations might undergo adjustments, which could lead to adjustments in other segments and the S&P 500. To justify the current valuation of AI, the market needs to consider a level of productivity that is expected to happen, but this level may not be realized as fast as the market is pricing now, Pinto added. Pinto also downplayed the likelihood of a US economic recession, indicating that, while the US economy will experience some slowdown, he believed that the US economy will grow less next year, but is most likely to avoid a recession. AASTOCKS Financial News Website: www.aastocks.com |
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