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A.I. stock hype needs to be pared back: Threadneedle Strategies Founder

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The artificial intelligence stock boom that started 2023 might not be all it’s cracked up to be, according to Threadneedle Strategies Founder Ann Berry. Stocks such as Nvidia (NVDA), Microsoft (MSFT), and C3.ai (AI) have been tabbed A.I. stock plays by investors and, as a result, their share prices have seen a strong start to the year. But Berry is wary of the catch-all nature of A.I investing pointing to a company like Nvidia, that mentioned A.I. over 70 times on its most recent quarterly earnings call. C3.ai shares fell 26% on Tuesday after short seller Kerrisdale Capital alleged “serious accounting and disclosure issues” in a letter to C3.ai’s auditor Deloitte & Touche. Above, Berry sits down with Yahoo Finance’s Seana Smith and Dave Briggs to discuss the outlook for A.I. stocks. Key video moments:
00:00:05 - Berry’s experience with A.I. in pitch meetings
00:01:15 - Should we pump the brakes on A.I. chatter?

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