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Dean Baker: Calpers exits tech sector as AI market faces scrutiny

Dean Baker: Calpers exits tech sector as AI market faces scrutiny
Calpers exits tech as AI questioned

Calpers has sold its holdings in the technology sector, raising questions about whether the artificial intelligence bubble might be losing momentum. Dean Baker highlighted this development, questioning if the AI bubble is starting to deflate.

Baker has previously predicted a stock market crash that could affect high-profile investors such as Elon Musk and Larry Ellison, according to an earlier report. He has also warned that the collapse of a large economic bubble may lead to a significant recession, as noted in a separate analysis. These concerns provide further context to his recent comments on technology sector valuations.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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