Nasdaq Drops, Investors Worry About Tech Boom Bust

Nasdaqs recent drop has investors worried about the tech booms sustainability, drawing parallels to the dot-com bust. Nvidia, the worlds most valuable company, is leading the rally with AI chips. However, high valuations and interconnected investments among tech giants have investors questioning when their bets on AI will pay off. Nvidias $100 billion investment in OpenAI, creator of ChatGPT, is part of a massive data center expansion, but OpenAIs heavy spending has raised concerns about overinvestment, reminiscent of the telecom boom of the 1990s.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.