Vanguard Group warns: US technology stocks are seriously overvalued, people are too optimistic about the prospects of AI.
① Chief Economist of Pioneer Group wrote in the report that the market's expectations for artificial intelligence technology seem to be somewhat excessive. ② He warned that Wall Street's optimism about the economic growth and corporate profit increase brought by artificial intelligence technology has led to overvaluation of US technology stocks.
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Expectations of a "soft landing" in the United States are increasing, pushing European stocks towards their biggest weekly gain since May.
European stock markets continue to rise, with the potential to achieve the largest weekly increase since May.
