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News 2026-08-02 11:56 UTC

Wall Street Is Falling Out of Love With the AI Trade — Here's Why

The S&P 500’s headline calm has masked a sharp internal reshuffle, with money rotating away from crowded AI-linked trades as investors start demanding clearer evidence that heavy spending will turn into profits, according to JPMorgan Private Bank’s Global Investment Strategist, Kriti Gupta. That shift is playing out ev