Source The Guardian · Published · Open the original ↗
Markets
Is this the beginning of the end of the AI stock market boom?
After a wobble on the tech-heavy Nasdaq, some AI market observers think a reassessment of the potential value of various businesses may be under way
The world is holding its breath as it waits to find out whether this year’s estimated $US1tn investment in artificial intelligence is resting on a castle made of sand.
Last week, the Nasdaq 100 - an index of the 100 biggest non-financial stocks on the American tech-heavy Nasdaq exchange - dropped by 5.5%, triggering the usual angst that the AI boom is about to go bust.
The recent rot may have started with the failure of Firmus, an Australian datacentre company, to list on the ASX.
The opening of the report, quoted unchanged from The Guardian. The full text continues at the source.