The fact that almost anything takes a hit whether earnings were good or bad showed that the market started to realise that it overpaid, so the prices have to come back down.
However it is irrational to simply chalk everything up to AI, if investors really are punishing the share prices because of AI, then AI will be the one that is overvalued, and the bubble will simply grow bigger. I believe we are expecting too much of AI, falling for the hype because the companies keep throwing the cheap catch phrase around.
💰Stocks to watch today?(12 Feb)
1. What news/movements are worth noting in the market today? Any stocks to watch?
2. What trading opportunities are there? Do you have any plans?
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