Reuters
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Market Insight: Market 'may have got ahead of itself' in valuing AI | REUTERS
Posted
August 2, 2024
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708
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August 2, 2024
708
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4:38Now PlayingA global stocks selloff is underway this Friday, as weak US economic data generates fears the Federal Reserve has left rates too high for too long. Nick Shenton of Artemis Fund Managers told Reuters the market may also have overvalued AI stocks, as many companies 'are struggling to find a tangible use case' to generate revenue from artificial intelligence.
#News #marketinsight #markets #federalreserve #useconomy #ai #artificialintelligence #Reuters #Newsfeed
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