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AI dreams, Silicon Valley persists, while Wall Street hesitates.
"Follow the money" on Wall Street believes that AI technology has not yet reached the expected level of practicality, investing too much not only fails to recover costs, but also easily triggers a bubble. However, technology giants in the midst of the AI whirlpool are still frantically investing money, aiming for a future.
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What goes up must come down! A $2 billion leveraged ETF scoops up technology stocks at rock-bottom prices, causing blood to flow.
A batch of leveraged ETFs centered on technology products has seen double-digit losses, previously hit by the market crash and stocks related to the AI hype.
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