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Hedge fund Elliott Management says Nvidia stock is in a 'bubble land' and AI is not ready for prime time.
The fund, which manages around $70 billion in assets, says AI applications are "never going to be cost-efficient, are never going to actually work right, will take up too much energy, or will prove to be untrustworthy" Nvidia ’s stock has fallen by over 20% since June , amid growing concerns about the sustainability of AI investments and the slowing U.S. economy.
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