AI investors will demand a return sooner or later
It's too soon to call what happened last week to artificial intelligence stocks a correction. Call it instead a reminder: Hype about new technologies is an inevitable human temptation, and sometimes it pays off, but eventually investors demand returns on capital. That's the way to think about the disconcerting market swings of recent days. Many tech shares have taken a dive, sometimes by large percentages. That has dragged down the NASDAQ and the S&P 500 index, which has come to be dominated by those companies. Our advice is to go for a relaxing walk this weekend instead of checking ...
