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Scott Kingery
Scott Kingery
@techlifeweb@indieweb.social  ·  activity timestamp 4 days ago

Traders lose $1 trillion on AI fears | Fortune https://fortune.com/2026/02/05/stocks-dumb-money-ai-tech-companies/. 'As much as $1 trillion was wiped off the market cap of software companies yesterday, according to Bloomberg.'
#AI #investment

Fortune

The ‘dumb money’ steps in as traders lose $1 trillion on the realization that AI will eat tech companies first | Fortune

The chaos is mostly a tech-stock phenomenon. The equal-weight S&P 500 is actually at a record high.
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