The reason for the movement in the markets was the fall in shares of megacorporations that are actively investing in artificial intelligence, the article says. The Nasdaq 100 index lost about 1%, and Microsoft shares fell 12%, the fastest pace since 2020. Investors were concerned about the company's record spending on AI development amid signs of slowing growth in its cloud business.
Analysts note that the market has begun to doubt the quick return on investment in AI, on which companies are spending hundreds of billions of dollars. This provoked a redistribution of capital and increased caution, including in the market of crypto assets and protective instruments.
Amid the sell-off, gold turned lower after rising, while Bitcoin, often seen as an alternative asset, also came under pressure. At the same time, oil, on the contrary, has risen in price against the backdrop of geopolitical risks and statements by US President Donald Trump on Iran.
Experts emphasize that what is happening most likely reflects a revaluation of the AI topic and investor expectations, rather than a market rejection of technologies as such.
