Here's what an analyst says could end the AI panic that's gripped Wall Street
AOL.com • • business
Key Points:
- Investor panic over AI disruption has caused significant declines in stocks across software, wealth management, insurance, and logistics sectors, driven by fears that AI startups could threaten established industries.
- Wedbush analyst Dan Ives believes positive developments such as OpenAI securing $100 billion in funding and Nvidia's upcoming earnings commentary on chip demand could help restore investor confidence in AI.
- Success in large capital raises like Oracle’s $45-$50 billion financing for its cloud business and strong AI-driven earnings reports from companies like Salesforce, Microsoft, and CrowdStrike may further boost AI optimism.
- Increased merger and acquisition activity in the software sector could reshape market perceptions, positioning AI integration as a strategic advantage rather than a threat.
- Apple’s anticipated release
