'Bond King' Bill Gross says he's worried AI giants are wasting money — and their stocks could pay the price

image of AI black cloud danger
By Theron Mohamed
Sep 12, 2025
  • Tech giants spending big on AI will have wasted money if they end up as also-rans, Bill Gross said.
  • The billionaire “Bond King” told BI these companies were at risk of frittering away enormous sums.
  • Microsoft, Amazon, and other tech stocks have surged on AI hopes but could disappoint, he said.

US tech titans are spending huge sums to win the AI race — and the ones that lose could see their stock prices take a hit, “Bond King” Bill Gross has warned.

The billionaire investor gave his thoughts to Business Insider after Oracle’s market value surged by as much as 43%, or nearly $300 billion, on Wednesday, thanks to an AI-driven revenue projection.

“My biggest concern is what economists refer to as ‘malinvestment,’ Gross said in an email.

View Full Article at Business Insider