Traders Are Fleeing Stocks Feared to Be Under Threat From AI
To many tech-industry watchers, the time is nearing when AI becomes so pervasive that companies start going out of business.
Photographer: Ying Tang/NurPhoto/Getty Images
Artificial intelligence’s imprint on US financial markets is unmistakable. Nvidia Corp. is the most valuable company in the world at nearly $4.5 trillion. Startups from OpenAI to Anthropic have raised tens of billions of dollars.
But there’s a downside to the new technology that investors are increasingly taking note of: It threatens to upend industries much like the internet did before it. And investors have started placing bets on just where that disruption will occur next, ditching shares in companies some strategists expect will see falloffs in demand as AI applications become more widely adopted.