McKinsey's Tim Koller Warns of AI Stock Speculative Bubble

• McKinsey expert Tim Koller warns that the current surge in AI stocks, fueled by high retail investor participation, indicates a speculative bubble.
• Koller emphasizes that long-term company value stems from revenue growth and return on capital, principles often ignored in speculative rallies.
• High retail ownership in leading tech stocks is a historical warning sign, as such enthusiasm often pushes valuations far above reality, which "don't last."
• Investors should value AI companies based on future cash flow and underlying economics, not exaggerated potential, and assess each company individually for fair pricing.

Why It Matters: McKinsey warns AI stock investors of a speculative bubble.