<div id="readability-page-1">Legendary investor Mark Mobius, founder of Mobius Capital Partners, has warned of a major correction looming in the artificial intelligence (AI) sector. Speaking to Bloomberg Television on Friday, Mobius said valuations in leading AI companies have reached &#34;excessive&#34; levels and could see a decline of up to 40%. &#34;When I look at a correction, I look at 30%, down 30%, 40%,&#34; he said, noting that while he remains bullish on AI's long-term prospects, the short-term risks are real. Images via IMAGN and Shutterstock</div>

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<p>Legendary investor Mark Mobius warns of a potential 40% market crash in the artificial intelligence sector due to excessive valuations in leading AI companies. Speaking on Bloomberg Television, he acknowledged the long-term potential of AI but highlighted significant short-term risks, suggesting a correction could see declines of 30% to 40%.</p>

- Mark Mobius, founder of Mobius Capital Partners, has cautioned about a significant correction in the artificial intelligence sector.  
- He indicated that valuations of leading AI companies are "excessive" and could decline by as much as 40%.  
- Despite his concerns about short-term risks, Mobius maintains a positive outlook on the long-term potential of AI.  

40% Market Crash Coming, Warns Big Investor