Goldman’s Pasquariello Says Tech Rout Casts Doubt on AI Trade

BloombergPublished 3 hours ago

Goldman Sachs analyst Tony Pasquariello noted that hedge funds rapidly sold tech stocks last Thursday, marking the fastest sell-off in two years amid Wall Street's largest downturn since July, raising doubts about confidence in AI-related investments.

Goldman’s Pasquariello Says Tech Rout Casts Doubt on AI Trade

More on this story

More in Finance

Anthropic reveals rapid revenue gains and larger losses in stock market filing

Anthropic files for stock market IPO; Meta announces $95bn fundraising drive to pay for AI expansion – as it happened

Nevis raises $70M to expand its AI platform for wealth advisers