TechBloomberg Tech34m ago
Markets Reassessing Pace of AI Boom, T. Rowe Price's Wang Says
TL;DRInvestors are pumping the brakes on AI hype; returns may not materialize as fast.
Why it matters: Stock valuations built on aggressive AI timelines could face further pressure if growth disappoints.
Tony Wang, science and technology equity strategy portfolio manager at T. Rowe Price, says the AI boom is not necessarily over, but markets are reassessing its pace, feasibility and long-term returns. Speaking on "Bloomberg The Close," Wang attributes the selloff to crowded…
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