/AI%20(artificial%20intelligence)/AI%20software%20engineering%20by%20Tapati%20Rinchumrus%20via%20Shutterstock.jpg)
The AI-based tech selloff has been brutal and broad. But according to one major Wall Street firm, the market is punishing the wrong companies.
Amid the carnage, Evercore ISI analysts told investors in a note that the recent decline in AI-exposed stocks has been "indiscriminate." The firm described a "sell first, ask questions later" mindset that has dragged down shares regardless of underlying business quality.