Why the AI ‘Scare Trade’ Keeps Spooking Markets

Why the AI ‘Scare Trade’ Keeps Spooking Markets

Over the past three years, investors have sought exposure to all things artificial intelligence, including high-flying tech stocks behind some of the leading AI technology. Recently, though, the market’s focus has shifted, as predictions that AI will be so successful that it might supplant the need for many types of businesses and workers has driven some stocks down sharply. Wall Street is calling it the “AI scare trade.”

📰 Original Source

Read full article at Bloomberg →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.