Morning Bid: AI scatters the tech herd

Feb 4 – What matters in U.S. and global markets today Sign up here. The AI wave clearly doesn’t float all boats. Tuesday’s withering shakeout in the shares of software, data analytics and professional services operations shows how new AI development can cut both ways. Other tech firms also suffered, with Microsoft hit again and AMD down sharply out of hours despite a forecast-beating headline earnings beat. Against that backdrop, Walmart – an early adopter of AI in its processes – became the first retailer ever to top $1 trillion in market valuation on Tuesday. This caps off a year-long…