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The man who previously warned about the dot-com bubble and the 2008 crisis believes that AI euphoria has pushed valuations to unprecedented levels.
Veteran investor Jeremy Grantham:
The AI boom has driven the US stock market to the most expensive valuation in its history, and it could end in a historic drop.
Grantham to CNBC:
When comparing the stock market’s value to GDP, this is the most expensive market in US history...
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