Finance
AI Stocks Supercharge a Tech Bull Market—and Maybe a Bubble
The sudden frenzy over bots gives investors a powerful—if scary—new story to latch on to.
Illustration: Yoshi Sodeoka for Bloomberg Businessweek
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Need reasons to feel pessimistic about stocks? They’re everywhere. Inflation, a hawkish Federal Reserve, endless political strife, nosebleed valuations, a potential recession, wobbly regional banks—those are just for starters. Then there’s the bullish case, which has more or less one plank: a nascent technology that’s famous mainly for inciting fears of mass unemployment and, perhaps, the subjugation of humanity.
Guess which side investors are on.