META - Stock Market To Rally For 3-5 Years Before AI Bubble Bursts Predicts Veteran Analyst Gene Munster: 'We're In The Early Stages' | Benzinga
The stock market is set to continue its bull run for another three to five years before an AI bubble bursts, according to veteran tech analyst Gene Munster.
What Happened: Munster, the managing partner at Deepwater Asset Management, predicts that the stock market will continue to rise due to the increasing adoption of AI technologies. He believes that this trend will drive the market for the next three to five years, reported Business Insider.
“We’re in the early stages of what is a three to five year bull market, and that may seem out of touch given the market run that we’ve had more recently… but if you ultimately believe in the substance of AI is going to be greater than the hype, then the market is going to continue,” Munster told CNBC on Friday.
Despite the recent market surge, Munster remains optimistic about the future of AI-driven stocks. He anticipates that the market’s growth will be fueled by smaller ...