AI Profitability Doubts Trigger Tech Selloff: Meta -7%, Chips -6.7%
Published 2 d ago2 sourcesEvidence: Reported
Apollo Global Management Chief Economist Torsten Slok argues that AI has provided no measurable gains to US companies outside the AI industry itself, despite billions in investment. This is a contrarian view challenging the prevailing AI-driven equity narrative, and if it gains traction, it could pressure AI-related valuations and broader market sentiment.
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