Jeremy Grantham Says SpaceX Defines AI Bubble Peak and Dismisses Bitcoin as ‘Unnecessary Nonsense’
Key Takeaways Jeremy Grantham, who manages $85 billion at GMO, calls AI the biggest U.S. investment bubble in history and warns of a potential 70% stock decline. Grantham recommends putting 60% of savings into non-U.S. equity indices, citing emerging markets’ 65% gain over the prior 12 months vs. 25% for the S&P 500. Grantham says…
