Futurum CEO Daniel Newman believes AI market is in a 'supercycle,' not a bubble. Core companies like Nvidia, Google, and Microsoft are driving real revenues.

During a recent interview on Schwab Network, Daniel Newman, CEO of Futurum, refuted claims of a bubble in the current AI market. Newman, a respected tech industry analyst, discussed this topic with host Marley Kayden, highlighting the distinction between AI hype and actual revenue drivers. He argued that the AI market is experiencing a significant "multi-decade technological supercycle" rather than a bubble. Newman acknowledged that some factors might contribute to the perception of a bubble, such as companies excessively referencing "AI" in earnings calls leading to inflated valuations, or firms overspending without generating substantial AI revenue while branding themselves as AI players. However, he underscored that essential infrastructure companies like Nvidia (NASDAQ: NVDA), Google (NASDAQ: GOOGL), and Microsoft (NASDAQ: MSFT) are driving genuine revenues and are not part of any speculative bubble in the AI market. For the complete story, visit Benzinga.com.