Charles Bobrinskoy said Intel's sharp stock rally has become a flashpoint for market FOMO, warning that investor behavior now reflects excessive greed.
In a CNBC interview, the Ariel Investments vice chairman said the mood shows classic signs of euphoria, citing anecdotal signals such as cab drivers talking up stocks.
His warning frames Intel's surge as more than a company-specific move, suggesting speculative enthusiasm may be spreading across the broader market.