Concerns over a potential bursting of the artificial intelligence bubble have resurfaced with intensity, as US technology stocks recently faced their sharpest pullback since the Trump tariff-induced sell-off last April.
Such movements have clear consequences when the sector is so pivotal for the markets. AI-related stocks have contributed to roughly 75% of the S&P 500’s returns, 80% of earnings growth, and 90% of capital spending growth since the launch of OpenAI’s ChatGPT in November 2022.
