Markets Reassessing AI Boom’s Pace and Long-Term Returns
AI summary
Tony Wang, a science and technology equity strategy portfolio manager at T. Rowe Price, said the AI boom is not necessarily over, but markets are reassessing its pace, feasibility and long-term returns. He attributed the AI-related selloff to crowded positioning, leverage and momentum-driven trading.
In-depth insight
Wang’s comments frame the AI selloff as a reassessment of market positioning and expected returns rather than a declared end to the boom.
This source provides an excerpt. Continue reading on the original site.