Societe Generale's "super bear" questions the AI bull market: the frenzy resembles the eve of the 1997 Asian financial crisis, with slowing productivity masked by capital expenditure.

Zhito Finance APP has learned that Albert Edwards, a strategist at Societe Generale known for his extremely pessimistic market views and who even calls himself a "super bear," has compared the current artificial intelligence (AI) investment boom to the economic bubble before the 1997 Asian financial crisis. He warned that large-scale capital expenditure may be masking weak productivity growth, raising doubts about whether the AI boom can live up to investors' high expectations.