Alliance DAO co-founders claim that AI trading is almost certainly a huge bubble
The cryptocurrency accelerator Alliance DAO co-founder QwQiao stated that he believes no one can confidently say whether AI stocks are currently expensive, cheap, or fairly priced. He mentioned that this requires predicting future AI breakthroughs, supply chains, credit markets, politics, and macroeconomic conditions, and such a person does not exist.QwQiao indicated that charts, investor psychology, and position situations suggest that AI trading is almost certainly a massive bubble, and when the bubble bursts, they always decline excessively. He stated that the conditions that would give him confidence to heavily buy AI stocks are that the charts finally appear to be undergoing a long bottoming process, investor psychology is thoroughly and completely damaged, and AI is being dismissed as worthless on CNBC.
