<ul data-eligibleForWebStory="false"><li>AI hype is strong in markets, but BCA Research's Peter Berezin is bearish due to high costs and competition hindering monetization despite potential gains.</li><li>Investors have poured billions into AI infrastructure, including Nvidia hitting all-time high valuations, but Berezin believes they may not see a profitable return.</li><li>Competition in AI market leads to slim monetization opportunities, with AI possibly following low-margin business models of other industries.</li><li>Berezin warns that AI industry could end up with lower margins as productivity gains from AI adoption may lead to increased competition and lower prices without higher profits.</li></ul>

'It's more likely they'll lose money': One strategist on why he's bearish on the AI trade

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