I have collected a couple of articles about the AI stock sell off in Feb 26. Is this the beginning of the burst.
And?
- US tech stocks slide as Oracle data centre setback reignites AI concerns from the FT
- Software sell-off over AI fears hits global stock markets, but FTSE 100 finishes at closing high on £8bn insurance takeover – as it happened from the Guardian
- S&P 500 tumbles nearly 1% as investors rotate out of tech, Dow slides more than 160 points: Live updates from CNBC on 3rd Feb
- Intensifying Tech Slide Sends Nasdaq to Worst Two-Day Drop Since April, Wall Street has been rotating out of AI leaders into real-economy stocks, from the WSJ
This is a video of the AI sales pitch to Davos 26. It’s so empty I couldn’t watch it. (Tell me if I am wrong.)
The Register is arguing that money is exiting the SAAS companies, not the new AI companies.
And let’s remember, Cory Doctorow: What Kind of Bubble is AI? by Cory Doctorow at locusmag, where he argues that there are two types of bubble, one that leaves something useful, and one that doesn’t.