Investors are overly confident in their ability to predict the long-term Impact of artificial intelligence (AI), according to Mike Coop, chief investment officer at Morningstar Investment Management. Despite recent market pullbacks, optimism about AI's potential has driven the tech-heavy Nasdaq composite up over 31% year-to-date. However, some analysts suggest a bubble effect may be forming, as market gains are concentrated in a few big tech shares. Coop warns that Investors should be cautious about overpaying for AI's promise and advises diversification and remaining valuation aware.

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