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T. Rowe Price portfolio manager Tony Wang says markets are reassessing the pace, feasibility and long-term returns of the AI boom, rather than declaring it over.
Why it mattersSpeaking on Bloomberg’s The Close, Wang attributed the sell-off to crowded positions, leverage and momentum-driven trading. That is his market analysis, not proof that AI investment is faltering. His view adds a useful distinction to the market jitters: a sharp correction can reflect how investors are positioned as well as what they think the technology is worth.
Discuss: How much weight should investors give an expert’s explanation when crowded trades can turn quickly?
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