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Wall Street’s artificial intelligence fixation is so strong that it’s overwhelming all risks, including soaring interest rates, as investors continue to plow money into the market’s largest technology stocks and push equity indexes toward record highs.
Brian Casey, chief executive officer of Dallas-based Westwood Holdings Group Inc., says the decision to list a new exchange-traded fund on the Texas Stock Exchange makes sense because the power-generation ETF is focused on Texas. He speaks with Bloomberg's Julie Fine about the ETF, the future of the TXSE and how artificial-intelligence regulation affects technology stocks. (Source: Bloomberg)
The global AI trade is staging a comeback, as a confluence of falling oil prices, Meta Platforms’ launch of a new agentic tool, and anticipation surrounding the China-US leadership summit reignite interest in technology stocks. The Nasdaq-100 Index hit an all-time high on Tuesday, surpassing the previous record set in June. In Asia, China’s chip-heavy Star Market 50 Index and South Korea’s Kospi gauge, which is heavily weighted towards memory chipmakers, have been bouncing back since July...
For months, AI-obsessed investors have thrown billions of dollars into technology stocks and largely ignored the rest of the stock market. Monday’s rout in the sector following calls by industry leaders to temped the pace of development in the technology was a reminder of the case for diversification.