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BofA warns ongoing AI trade correction is a major risk to US and global economy

Yahoo Finance +2 · ·by G4L

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  1. 1AI stocks recorded a market cap loss of approximately $5 trillion over three weeks.
  2. 2The Nasdaq 100 index fell approximately 9% compared to its Friday record.
  3. 3BofA global research economists identified the ongoing AI trade correction as a major economic risk.

So what's the key point?

The value of artificial intelligence related stocks decreased by $5 trillion over a three-week period. BofA warned that if these stock price declines continue, they could pose a significant risk to the economy.

Source Yahoo Finance +2 · View original ↗

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