Richard Bernstein – Charm

Some Strategists See a Stock Bubble — and It’s Not the Mag 7’s Fault

Stock valuations are getting frothy again, but this time, it’s not all Big Tech’s fault. Yes, valuations of the Magnificent Seven stocks — Apple, Amazon, Microsoft, Meta, Alphabet, Nvidia, and Tesla — are back up after since bottoming in April. Yet, the group’s 12-month forward price-to-earnings ratio is still down from mid-2024, mid-2023, and 2020…

Skip the AI FOMO, cash in where no one’s looking: Bernstein backs old-school payouts and warns AI may be the next dot-com bubble

Cs news8 months ago8 months ago06 mins

Richard Bernstein, Chief Investment Officer at Richard Bernstein Advisors, sees too much heat in the artificial intelligence trade. In a note dated 30 June, he drew a sharp line between today’s AI rush and earlier booms that went too far. “Investors seem universally focused on ‘AI’, which seems eerily similar to the ‘.com’ stocks of…