Investor warns AI stocks resemble dot-com bubble, recommends investing in stable dividend stocks

Investor Richard Bernstein warns AI stocks resemble the dot-com bubble. Since ChatGPT launch, S&P 500 and Nasdaq 100 have surged. Bernstein suggests stable returns with dividend stocks like utilities. Valuations surge compared to dot-com bubble. Bernstein advises investors to consider dividend stocks, especially utilities known for issuing dividends. Dividend stocks offer compounding returns, rivaling high-flying tech stocks. Bernstein suggests compounding dividends for building wealth. Gain exposure to dividend stocks through funds like SDY and VIG.

Read more at Yahoo Finance: AI stocks look ‘eerily similar’ to the dot-com craze, warns CIO overseeing $15 billion. Invest in this ‘boring’ corner of the market instead.