The Stocks Wall Street Thought AI Would Kill Just Jumped 5% While AI Darlings Sank
Wall Street spent months betting that AI would hollow out consulting and IT services firms, then a single unconfirmed revenue figure sent those same beaten-down stocks surging while the AI darlings sank. The reason behind the reversal reveals something uncomfortable about how crowded that trade had become.
Wall Street spent months betting that AI would hollow out consulting and IT services firms, then a single unconfirmed revenue figure sent those same beaten-down stocks surging while the AI darlings sank. The reason behind the reversal reveals something uncomfortable about how crowded that trade had become.
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