Investor Leon Cooperman warns of late-cycle bull market with rising risks, echoing Warren Buffett’s caution. Stock market exuberance and high valuations in AI companies are concerning. S&P 500 surges 40% since April lows, led by tech giants investing in artificial intelligence.

Buffett Indicator at record highs, indicating market exuberance. Ratio of total U.S. stock market value to GDP surpasses Dotcom Bubble and pandemic-era rally levels, suggesting overvaluation. Cooperman sees stocks as less risky than bonds due to elevated inflation eroding bond returns. Stocks may be risky with late-cycle behavior.

Read more at CNBC: Leon Cooperman says we’ve reached the stage of the bull market that Warren Buffett warned about