AI Boom Is A 'Double Bubble,' Says Analyst. Here's Why.

Société Générale strategist Albert Edwards says the AI boom resembles past market bubbles, with both earnings and valuations overstretched. He warns rising borrowing costs could trigger a correction similar to the dot-com era despite short-term boosts from global deflation trends. Edwards suggests rotating toward gold, commodities, and value stocks instead of crowded momentum trades.