De destruir la humanidad con la IA al récord del Nasdaq en 10 días; ¿cómo explicarlo?

The stock market has surged to a record high in just 10 days, despite warnings from top AI executives about the potential dangers of uncontrolled robot development. The Nasdaq 100 reached a new historical high, while the S&P 500 is close behind, and the "Magnificent Seven" (Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla) are also hitting all-time highs.

Analysts have two explanations for this rapid rebound. Some believe investors have ignored the AI safety concerns, possibly to create barriers against competitors or to moderate the current pace of investment. Others suggest investors have different priorities. Inigo Fraser-Jenkins of Bernstein Research argues that the risks of AI are more social than financial, and the market is focusing on the latter.

If there is a bubble, it is more likely a "benefit bubble" than a valuation bubble, as the market's price-to-growth ratios are not overly inflated. Analysts expect S&P 500 to reach 10,500 points by 2027, with Bernstein estimating that AI-focused investors (Alphabet, Amazon, Meta, Oracle, and Meta) could generate an annualized return of 7% through 2030, with a combined market value of $17.4 trillion.

For now, regulatory debates seem unlikely to derail this market boom, though higher interest rates and restrictions on data center construction could potentially put a damper on the growth. Bernstein advises hedge against AI risks through energy and pharmaceutical sectors, Japanese yen, and gold.