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Fed Vice Chairman: AI-related stocks pump due to actual earnings, unlike the internet bubble era.
On November 21, Fed Vice Chairman Jefferson stated: Unlike the internet bubble period, the rise in stocks related to artificial intelligence is primarily due to the fact that AI companies actually have real earnings. The differences between the current market and the internet bubble period make it unlikely that we will witness a replay of the late 1990s. It is still too early to determine how AI will impact the labor market, inflation, and monetary policy. ( Jin10 )