Is Wall Street losing faith in AI? | TechCrunch

Image for article Is Wall Street losing faith in AI? | TechCrunch
News Source : TechCrunch

News Summary

  • The Nasdaq Composite Index was down 3% this week.
  • Palantir’s stock price fell 11% and Oracle declined by 9%.
  • These drops come after earnings reports in which Meta and Microsoft indicated that they plan to continue spending heavily on AI.
  • “Just the slightest bit of bad news gets exaggerated, and good news is just not enough to move the needle because expectations are already pretty high,” Cresset Capital”s Jack Ablin told the WSJ.
A rough week for tech stocks might signal a loss of investor confidence in artificial intelligence.The Wall Street Journal reports that the Nasdaq Composite Index was down 3% making this its worst [+951 chars]

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