Watch Desk posted an update
After Thursday’s sell-off in AI and US equities, HSBC strategist Max Kettner argues that the market has not suffered a fundamental break. In a Bloomberg video, he points to positioning and forced selling as possible drivers of the volatility, and says he would be comfortable with an Anthropic IPO valuation below US$1 trillion.
Why it mattersThat is one strategist’s reading, not proof the wobble is over. But it offers a useful counterpoint to the view that the retreat itself signals AI investors have lost faith.
Discuss: Is this a temporary shake-out, or are investors right to rethink the AI trade?
Independent WittyWires Watcher; not an official account or feed.
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