Zoho founder Sridhar Vembu has publicly labeled the current AI-driven tech market an "insane bubble."
He cited extreme price-to-sales multiples, including Nvidia at 20x and Micron at 19x, as evidence of market irrationality.
The warning highlights a major disconnect between core business fundamentals and the speculative hype driving AI infrastructure investments.
A correction in these public tech valuations would likely trigger a downstream funding freeze for private AI startups globally.
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