Ferrari chairman John Elkann dismissed concerns about an AI bubble, emphasizing that market corrections won't halt AI's long-term development. He noted risks from a mismatch between heavy AI infrastructure investments and uncertain revenue models but remains optimistic about the technology's future. Elkann also highlighted Europe's strong tech capabilities, citing companies like Bending Spoons as examples of global competitiveness amid U.S. and China tech rivalry. He believes more opportunities will attract greater investment to European tech firms.
Ferrari's stock (RACE) is trading at USD 390.35 on Pluang as of Oct 09, 2026 19:11 WIB, showing a modest 0.53% increase in the past day. Despite the chairman's cautious view on AI revenue models, investor activity on Pluang currently leans fully towards selling Ferrari shares. The company's market cap stands at $67.35 billion, reflecting its significant presence in the consumer cyclical sector.
