The fascination with AI has us weary. Some of the promises, some of the doom and gloom, and other experiences have all led towards a decline in interest. A Morgan Stanley strategist has noted that too many different AI pushes have caused people to lose interest in stocks of companies that push this. Consumers elsewhere have expressed attitude that this is no longer holding their interest, and that it’s more of a buzzword that has no real meaning. AI will continue to move forward, but even this weeks Apple event reflected scant reference to AI or Apple Intelligence, favoring just pointing out the new capabilities.
(Bloomberg) — The artificial intelligence boom that powered the S&P 500 Index to record highs earlier this year is fizzling out, so the stock market needs a new catalyst if the rally is going to resume, according to Morgan Stanley’s Mike Wilson.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to Hou
Found at finance.yahoo.com
