Markets saw continued pressure Thursday as broader AI related fears continued to roil Wall Street. A selloff of shares in US companies perceived to be under threat from artificial intelligence spread across sectors, including more insulated corners of the market like industrials, to send all market gauges lower. Technology names, such as Cisco., AppLovin and Tyler Technologies led the decline. Cisco plunged 12% as investors are concerned hardware and memory-chip prices are weighing on the company’s outlook. Consumer staples and utilities were the top-performing sectors as investors continued to pile into defensive groups. Raphael Thuin, Head of Capital Markets Strategies at Tikehau Capital, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
Analysis & Context
Markets saw continued pressure Thursday as broader AI related fears continued to roil Wall Street. A selloff of shares in US companies perceived to be under threat from artificial intelligence spread across sectors, including more insulated corners of the market like industrials, to send all market gauges lower. Technology names, such as Cisco., AppLovin and Tyler Technologies led the decline. Cisco plunged 12% as investors are concerned hardware and memory-chip prices are weighing on the company’s outlook. Consumer staples and utilities were the top-performing sectors as investors continued t This article provides comprehensive coverage and analysis of current events.
Markets saw continued pressure Thursday as broader AI related fears continued to roil Wall Street. A selloff of shares in US companies perceived to be under threat from artificial intelligence spread across sectors, including more insulated corners of the market like industrials, to send all market gauges lower. Technology names, such as Cisco., AppLovin and Tyler Technologies led the decline. Cisco plunged 12% as investors are concerned hardware and memory-chip prices are weighing on the company’s outlook. Consumer staples and utilities were the top-performing sectors as investors continued to pile into defensive groups. Raphael Thuin, Head of Capital Markets Strategies at Tikehau Capital, joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec. (Source: Bloomberg)
