Irish governor warns against stretched equity valuations
CBI is latest institution to flag risks of market correction as talk of AI bubble continues
The governor of the Central Bank of Ireland has warned that global equity valuations are stretched, as investors bet on strong earnings growth in artificial intelligence and related technological sectors.
In a press conference to accompany the publication on November 17 of the bank’s latest financial stability review, Gabriel Makhlouf said there had been a “disconnect” between high economic uncertainty and stretched equity valuations.
“High equity valuations are driven by US technology and
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