Martin Shkreli says AI investors may be making a dangerous assumption: treating today’s record earnings as though they will continue indefinitely.
The former hedge fund manager remains bullish on artificial intelligence and said the selloff in Meta (NASDAQ:META) looks like a buying opportunity.
His warning applies more directly to the companies supplying the infrastructure behind the boom.
What Happened "There’s a big AI buildout right now, but it’s not clear that that peak can be sustained," Shkreli said during a livestream recorded on Thursday.
Semiconductor and data-center companies can look unusually cheap at the top of a cycle, he said, because current earnings reflect enormous demand for new capacity.
