A shake-out is coming for AI stocks, warns strategist
Destination Wealth Management’s Michael Yoshikami warns that the AI-driven market rally is due for a correction, though he expects the broader technology sector to resume its advance thereafter, with software stocks lagging. He also cautions that persistently high oil prices could derail market gains and raise the risk of a US recession.
Destination Wealth Management’s Michael Yoshikami warns that the AI-driven market rally is due for a correction, though he expects the broader technology sector to resume its advance thereafter, with software stocks lagging. He also cautions that persistently high oil prices could derail market gains and raise the risk of a US recession.
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