Citigroup believes that the market gains spurred by the artificial‑intelligence boom could continue for some time. “The AI bubble isn’t over yet” said Dirk Willer, Citigroup’s head of macroeconomics and asset allocation, on the Handelsblatt Invest podcast on Wednesday.
Willer, a veteran Wall Street analyst who watched the dot‑com bubble in New York in the early 2000s, thinks the current market is likely to see over‑exuberance again. “The more impressive the technology, the more people over‑invest” he explained.
With U.S. tech giants pouring heavily into AI, it’s understandable that investors want to diversify further. However, he cautioned that if a tech bubble were to burst, “almost all assets would fall”.