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The Guardian - AU
The Guardian - AU
Business
Patrick Commins

Is this the beginning of the end of the AI stock market boom?

Artificial Intelligence Stock Market Nasdaq Sally Auld Amazon Apple Australia Firmus International Monetary Fund Microsoft
Line graph chart with the logo NYSE (New York Securities Exchange) in the background
Experts say recent market corrections may reflect investors taking a ‘more balanced approach’, rather than it being a sign the entirety of the AI market is at risk. Photograph: John Angelillo/UPI/Shutterstock

The world is holding its breath as it waits to find out whether this year’s estimated $US1tn investment in artificial intelligence is resting on a castle made of sand.

Last week, the Nasdaq 100 – an index of the 100 biggest non-financial stocks on the American tech-heavy Nasdaq exchange – dropped by 5.5%, triggering the usual angst that the AI boom is about to go bust.

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