Is the AI rally running out of power? Geosphere Capital’s Arvind Sanger explains

Question I think the question everyone is asking now is: Is this perhaps the start of a broader correction in the US markets or in the tech rally, or can we still characterise this as letting the air out of the overstretched artificial intelligence (AI) rally? Answer: You can never tell until after the fact whether this is the end of the AI rally, but it certainly has sprung a serious leak. I would say that the single biggest election shock this week was the loss of the Republican Governor Abbott in Texas. If you look at Texas, they have…