Deutsche Bank sees 'promising' signs as AI trade selloff stays contained
AI summary
Henry Allen, a macro strategist at Deutsche Bank Research, said on Bloomberg Television that a selloff in the artificial intelligence trade is gathering speed. He called it a "promising sign" that the decline has not spread to Europe or caused a broader slowdown elsewhere. Allen added that if the situation were a real concern, the wider stock market would be falling more sharply.
In-depth insight
Concentration in AI-linked trades is now a key driver of overall market sentiment, so its swings can spill over into broader equities.