AI-linked stocks are showing signs of fatigue as investors lock in profits. Semiconductor and memory-chip makers have seen sharp retreats from recent highs. Investors are now demanding stronger earnings growth and clearer profit evidence. A rotation into software and cloud providers is also occurring within technology. Despite this, the long-term outlook for artificial intelligence remains strong.

US tech earnings will gauge AI investment viability amid debates on 'AI fatigue' and shifts towards cheaper markets, says Jefferies.

AI-linked stocks are showing signs of fatigue as investors lock in profits. Semiconductor and memory-chip makers have seen sharp retreats from recent highs. Investors are now…