BTCC
/
BTCC Square
/
Global Cryptocurrency
/
S&P 500 Hits Record High Amid Bubble Concerns and AI Warnings
S&P 500 Hits Record High Amid Bubble Concerns and AI Warnings
14
1
BTCCSquare news:
The S&P 500 surged to an intraday record high of 6,847 on Wednesday, defying warnings of a market bubble and cautionary remarks from OpenAI CEO Sam Altman about irrational exuberance in the AI sector. Institutional investors echo these concerns, with 91% surveyed by Bank of America labeling U.S. equities as overvalued.
Traditional valuation metrics like the P/E ratio sit above historical averages, sparking debate among bears. Yet the index's composition has shifted dramatically—today's tech-dominated landscape, with its high-growth potential and regulatory safeguards, bears little resemblance to the oil and manufacturing giants of 50 years ago.
By:
