On August 5, 2024 global stock market experienced a big plunge. While many economists have given their opinions on this crash in articles and news channels, some have presented their doubts on the investments on AI. We are talking about Trillions dollar worth of investments and some news and journals are already calling it an “AI Bubble”.
The crash impacted big names in tech sector. According to sources on web, Magnificent Seven or Mag7 which includes Apple, Amazon, Microsoft, Tesla, Alphabet, Meta, Nvidia lost one Trillion dollars combined in market cap. However, some experts are hopeful and think that AI is going to be real deal in future and will gain its pace again despite of investment setbacks.