Goldman, BofA warn AI debt boom echoes dot-com bubble. Two of Wall Street's most influential banks are sounding alarms about the surging debt levels financing the artificial intelligence boom, drawing comparisons to the dot-com bubble that burst in 2000. Goldman Sachs strategists Dominic Wilson and Vickie Chang warned in a note to clients on November 9 that the AI trade now resembles the tech sector in 1997, several years before the dot-com crash. "We see a growing risk that the imbalances that built up in the 1990s will become more visible as the AI investment boom extends," they wrote. #AI #DebtBoom #WallStreet #GoldmanSachs #BankOfAmerica #TechBubble #DotComLessons https://www.perplexity.ai/...

Buffett to stop shareholder letters as successor Abel takes over. Warren Buffett, the 95-year-old investing icon who transformed a failing textile mill into a $1 trillion conglomerate, announced Monday he will no longer write Berkshire Hathaway's annual shareholder letters or speak at the company's annual meetings, declaring "I'm going quiet" as he prepares to step down as CEO after 60 years at the helm. #WarrenBuffett #BerkshireHathaway #GregAbel #BuffettLegacy #InvestingIcon #WallStreet #stockmarket #BusinessLeadership #OracleOfOmaha https://www.perplexity.ai/...

Analysts warn AI bubble dwarfs dotcom crash. Wall Street sounds alarm as AI investment hits record highs, fueled by debt and risky financing. Experts warn the AI boom rivals past bubbles, risking a major market correction if returns fall short. #AIbubble #WallStreet #TechInvestment #MarketRisk #DebtFinancing #AIBoom #FinanceNews https://www.perplexity.ai/...