Don't panic yet, investors say, as high-flying AI stocks tumble
Market Intelligence Analysis
AI-PoweredThe article discusses the recent decline in AI stock prices, suggesting it's a correction driven by profit-taking rather than a loss of faith in AI. Experts believe the speed of the decline is the primary concern, not the underlying value of AI.
Market impact analysis based on neutral sentiment with 75% confidence.
Article Context
SINGAPORE (Reuters) -Sharp falls in technology stock prices are cause for caution but not panic yet, say brokers and investors who have been riding a runaway market to record highs and some stretched valuations. For now, it's the speed and not markets' faith in artificial intelligence that is in question. "The selloff appears to be largely positioning-driven, with recent outperforming names taking the worst of the move," said Jon Withaar, senior portfolio manager at Pictet Asset Management in Singapore.
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