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The tech stock free fall doesn’t make any sense, BofA says in rebuke to investors while doubling down on the sector’s longevity | Fortune
Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.
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Tech stocks go into free fall as it dawns on traders that AI has the ability to cut revenues across the board | Fortune
Tech companies are waking up to the fact that AI may be more likely to replace them than help them.
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The tech stock free fall doesn’t make any sense, BofA says in rebuke to investors while doubling down on the sector’s longevity | Fortune
Investors see weak ROI ahead as they also see AI adoption so pervasive that it makes whole business models obsolete. Both can’t be true, BofA says.