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Chanticleer

Chanticleer

Tech sell-off isn’t stopping. Thank goodness for this quiet miracle

The AI sell-off hit another gear on Wednesday night. But in the background, something very impressive happened on Wall Street that should cheer investors.

Like the audience at a three-ring circus, investors don’t quite know where to look.

On Tuesday night, software stocks got clobbered because artificial intelligence was going to demolish their business models. On Wednesday night, tech stocks got clobbered because AI isn’t demolishing things fast enough.

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is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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