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Shares drop in US and Asia as AI stocks slide
Tech stocks lead declines as investors reconsider rally fuelled by artificial intelligence.
Financial markets in the US and Asia have fallen sharply as investors sell off shares in technology companies, with artificial intelligence (AI) stocks hit particularly hard. "Investors are now becoming more concerned about all this expenditure with AI without the revenue benefit," said Jun Bei Liu, Portfolio Manager at Tribeca Investment Partners. "I don’t think this will mark the start of the disbelief in AI... it just simply means investors will focus more on returns in this space than just buying the whole sector," she added.
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