UBS CEO says AI investors had been pricing for 'perfection' until sector's sharp correction | live
By Christine Chen and Scott Murdoch SYDNEY, Nov 9 (Reuters) - UBS Chief Executive Sergio Ermotti said on Monday a sharp correction in AI stocks over the last few weeks had been a reaction to excessively high hopes that investors had had for the sector. Speaking at a UBS conference in Sydney, Ermotti said recent US midterm election results and the global debate about the implications of building up infrastructure could lead to delays in the AI sector delivering outcomes.
By Christine Chen and Scott Murdoch SYDNEY, Nov 9 (Reuters) - UBS Chief Executive Sergio Ermotti said on Monday a sharp correction in AI stocks over the last few weeks had been a reaction to excessively high hopes that investors had had for the sector. Speaking at a UBS conference in Sydney, Ermotti said recent US midterm election results and the global debate about the implications of building up infrastructure could lead to delays in the AI sector delivering outcomes.
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