Apollo Global Management (NYSE:APO) chief economist Torsten Sløk warned Tuesday that the stock market could face a painful repricing if returns from massive artificial intelligence investment fail to materialize as quickly as investors expect.
Sløk said in a post that markets may be getting too optimistic about how fast AI spending will translate into earnings growth, even as U.S. equities continue rallying on AI enthusiasm, with the NASDAQ 100 on track for one of its strongest quarters in years.
