US tech stocks have been running overly hot (high P/E ratios) recently. So they are very sensitive to even minor shocks.
If it looks as all like the company might be a victim, not a benefactor, of AI - they’re going to take a hit. Especially when they’ve all been selling AI and layoffs as their source of growth.
These tech stocks can’t all be AI winners. And sorting out winners / just another boring tech company will be how the “AI bubble” pops.
If it looks as all like the company might be a victim, not a benefactor, of AI - they’re going to take a hit. Especially when they’ve all been selling AI and layoffs as their source of growth.
These tech stocks can’t all be AI winners. And sorting out winners / just another boring tech company will be how the “AI bubble” pops.