AI Dominance Squeezes Rest of Stock Market as Rates Rise
Artificial intelligence is drawing capital away from other sectors of the stock market, which are contending with higher interest rates and oil prices without the allure of new technology stories, according to WSJ.
There's a new stock-market story: if a company is not exposed to AI, it may struggle to keep pace. Artificial intelligence is drawing in capital and leaving the rest of the market under pressure, as stocks face higher interest rates and oil prices without a compelling technology narrative. The pattern has taken hold in markets.