Alphabet CEO Warns of AI Bubble Risks as Google Stock Shows Resilience
Alphabet CEO Sundar Pichai has joined a chorus of industry leaders cautioning against overinvestment in artificial intelligence, acknowledging that no company—including Google—would be immune if the AI sector faces a downturn. His remarks to the BBC highlighted "elements of irrationality" in current market cycles, echoing concerns that have already triggered selloffs in some AI-linked stocks.
Despite these warnings, Alphabet shares defied the broader tech selloff, climbing 1.1% on Tuesday following a 3.1% surge after Warren Buffett's Berkshire Hathaway disclosed a new position in the company. The Oracle of Omaha's endorsement appears to have counterbalanced bearish sentiment, positioning Alphabet as a relative SAFE haven in volatile AI markets.