Fitch warns: Massive investments in AI and the risk of a correction threaten global credit markets.

The Fitch rating agency has issued a warning about major risks to global credit, highlighting that the boom in artificial intelligence (AI) and geopolitical uncertainties, especially the conflict between the United States and Iran, could lead to a significant correction in the markets.

In the report "Global Risk Outlook", Fitch emphasized that the exposure of the economy and capital markets to an AI-related correction is significant, considering the scale of investments in this sector. Market valuation indicators, such as CAPE, suggest that stocks in the technology sector are approaching risky levels, similar to those during the "dot-com" bubble. Fitch also mentioned that emerging risks, such as the El Niño weather phenomenon, could affect credit quality, given the increased risk of droughts and floods.

The agency's warnings underscore the interconnectedness between capital markets and AI, creating vulnerabilities for the global credit profile.