Paul Dietrich warns of a potential AI bubble and suggests investing in utilities and gold as safe bets to ride out the storm. He compares the current AI frenzy to past bubbles like the dot-com era, cautioning that valuations are unsustainable. Nvidia’s meteoric rise and concerns over leveraged ETFs add to worries about an impending market downturn. Dietrich predicts a shift in AI data centers to a utility model, making utilities a smart long-term investment. Gold is also recommended as a hedge against a devalued dollar and inflation risks.

Read more at Yahoo Finance: Top strategist Paul Dietrich shares 2 picks to ride out an AI crash