AI selloff ignites "bubble" anxiety among professional investors; Oaktree's Marks pours cold water: not yet at the "oblivious" stage.

Zhitong Finance APP has learned that as the AI trade drives the Nasdaq 100 index to repeated record highs, a growing number of professional investors such as Dalio and Novogratz are warning that the stock market is approaching a bubble, and last week's 5.5% decline in the Nasdaq has further amplified anxiety. However, Howard Marks, co-chairman of Oaktree Capital, believes that the core conditions for a bubble have not yet been met: forward price-to-earnings ratios are not extremely inflated, investors' continued discussion of the bubble itself shows that they are not oblivious to risk, and signals of market sentiment and reckless behavior are mixed.