Investor sentiment about is a powerful but fickle force in markets, illustrated most recently by the panic that’s gripped Wall Street about the possibility that AI threatens certain stock sectors.
Excitement for AI abruptly turned to panic earlier this month, as stocks in software, wealth management, insurance, and logistics all plunged as AI companies unveiled new tools for those industries.
Wedbush analyst Dan Ives described the moves as
OpenAI News or Nvidia Earnings Could Reignite AI Bullishness: Wedbush
