AI Giants' Wagers: Aussie Investors' Ride or Crash
Update: 2026-01-02
Description
Australian investors are betting big on US tech giants AI boom, with the Magnificent Seven controlling over a third of the S and P five hundred index. However, analysts warn of red flags, including massive cash burn, heavy debt, and slowing earnings. The concentration of market power is even more pronounced than the dot-com bubble, with just nine stocks dominating nearly half the market. Pre-revenue startups like OpenAI are also in the mix, with massive spending plans but no profit in sight. The risk: a thirty percent drop in these stocks could drag funds down ten to fifteen percent, leaving gains on hold for years.
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