CryptoJie News: Former Fidelity fund manager George Noble said the impact of an AI crash could be more severe than the internet bubble. He noted that the consequences of an AI crash could be “far more severe” than when the internet bubble collapsed, which caused Nasdaq’s market value to drop by roughly $5 trillion. Noble cited a MacroStrategy study, saying that the current misallocation of capital is “17 times higher than during the internet bubble period.” He added: “The consequences of this crash could be even more pronounced.”

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VolumeSteps
· 17h ago
Back then during the internet bubble, I was still in school. If this AI really crashes, how long are the brothers holding positions planning to stay down?
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OnChainFisherman
· 17h ago
People who come out of Fidelity still have weight in what they say—hearing about a 17x misconfiguration is downright frightening.
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