People are chasing AI stocks like 'dogs chase cars' — and a crash looks certain, veteran investor Bill Smead says
1. Bill Smead sees AI stock surge as a potential bubble. 2. Nvidia's market valuation hit $4.4 trillion, raising investor concerns. 3. Smead warns of massive overcapitalization in AI stocks. 4. He believes a crash could mirror the dot-com bubble. 5. Investors are heavily invested in Big Tech, risking substantial fallout.