Stock investors couldn’t be more optimistic, and that’s frightening

The markets are starting the year full of artificial intelligence. Stock investors, bond investors, private markets, public markets – all expect to benefit from this unprecedented spending boom.

The capital investment, spending, profits and productivity potential – largely in the hands of a small handful of tech giants – have the bulls coming out of the gates even harder than last year or the year before, and are steering the market conversation in one direction.

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