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Value investing guru Grantham warns: the US stock market is about to crash, and the AI bubble is no different in essence from historical technology bubbles.
Jeremy Grantham believes that the current valuation of the US stock market has exceeded the levels of 1929 and 2021, second only to Japan's super bubble in 1989. The model indicates that there is still a 50% downside potential for the US stock market to return to normal valuation levels.
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