AI stocks in the US rose on Monday after several days of losses. While some investors hope global attention shifts to India as an anti-AI trade, it is too early to say if the rally is ending. Analysts are now watching upcoming firm results to see if the industry meets expectations.
To be sure, AI stocks in the US rose on Monday, but those gains came after several successive days of losses. There is hope that a selloff in AI stocks will turn the attention of global investors to India, which is being seen as an “anti-AI trade.”
That said, it’s premature to say if the global AI rally is fizzling out. Some of the recent selling may have to do with upcoming AI-firm results. Their upward path is under watch as analysts try to assess whether the industry is meeting or failing its promise. The spillover effects of an AI bubble burst, though, may hurt even if the anti-AI trade gains traction.
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