Reported 2 months ago
Despite a recent significant downturn in the stock market driven by recession fears, economist Diana Iovanel from Capital Economics anticipates that the AI sector will continue to thrive. She expects the Federal Reserve to initiate a series of rate cuts, which could further fuel an equity rally and sustain the momentum of AI investments. Major tech companies have reported substantial spending on AI infrastructure, suggesting robust future growth in this sector.
Source: YAHOO