What is the "AI scare trade" according to Kim Forrest?

The "AI scare trade" refers to the recent market behavior where investors have rushed to dump shares of various companies due to fears related to artificial intelligence.

Where did Kim Forrest share her views on the AI scare trade?

Kim Forrest shared her perspective on the "AI scare trade" during an interview on Bloomberg's The Asia Trade.

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AI Scare Trade: CIO Says Markets Overreacting

Q: Which types of companies were affected by the AI scare trade?

Companies in the software sector, private credit, wealth management, and insurance brokerage experienced a sell-off of their shares.

12 Feb

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Summary

Markets are overreacting to AI-related fears.
Investors quickly sold shares of various firms.
CIO Kim Forrest shared her views on Bloomberg.

AI Scare Trade: CIO Says Markets Overreacting

Kim Forrest, Chief Investment Officer at Bokeh Capital Partners, believes that current market reactions to the "AI scare trade" are excessive. She observed that investors recently engaged in a rapid sell-off of shares. This action notably affected companies in the software sector, as well as those in private credit, wealth management, and insurance brokerage.

Forrest articulated her views on this phenomenon while speaking with Shery Ahn and Avril Hong on Bloomberg's The Asia Trade program. Her assessment suggests that the widespread divestment is disproportionate to the underlying risks, indicating a potential overcorrection by the market in response to perceived AI-related threats.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.