The Bank of England has warned that stock valuations in the US are close to being the most stretched since the “dotcom bubble” as fears of a shock in Artificial Intelligence shares linger.
The central bank said in its latest Financial Stability Report (FSR) that there was a heightened “risk of a sharp correction” a day after stocks started December with a downturn on Wall Street.
The Bank said stocks were also most stretched in Britain since the 2008 financial crisis, as it said that risks to stability have increased in 2025.
It comes as tech stocks have surged this year, with AI chipmaker Nvidia briefly becoming the world’s first $5 trillion company last month. READ MORE...
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