The AI sector has had a rough ride in recent weeks. But while some see this as a warning sign that the AI boom is running out of steam, others, like my colleague James Altucher, believe this is just the natural shakeout before the real AI opportunity emerges.
For decades global stock markets have been driven in part by so-called carry trades. But these can reverse in spectacular fashion. A recent example was the “mini crash” of last August. Is another such reversal brewing?