Federal Reserve Vice Chair stated that the rise in AI-related stocks is driven by genuine earnings, distinguishing it from the previous internet bubble. The Vice Chair emphasized that current market dynamics reflect a more sustainable growth pattern. Unlike the late 1990s, when many internet companies lacked solid financial foundations, today’s AI firms are demonstrating real profitability. This difference is crucial in assessing the long-term viability of these investments. The Vice Chair’s remarks highlight a growing confidence in the technology sector, particularly in companies leveraging artificial intelligence to enhance their business models.
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