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Hartnett Forecasts Continued Risk Aversion and Warns of AI Bubble

Bloomberg ·

BAC Bank Of America Corp
$50.56 -1.02%
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  1. 1Bank of America Corp. strategist Michael Hartnett projected that investor risk aversion will persist through mid-November.
  2. 2Ken Griffin warned that investors are almost certainly in an AI bubble this week.
  3. 3Electronic Arts is cutting 400 jobs and BioWare to reduce costs.

So what's the key point?

Investor risk aversion is expected to continue until mid-November. Ken Griffin warned of an artificial intelligence bubble, and Electronic Arts is reducing its workforce.

Source Bloomberg · View original ↗

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