Industrial and Commercial Bank of China warns: AI concept stocks face fierce selling, sounding the alarm bell for enthusiastic investors.
Fuguo Bank stated that last Friday's deep correction led by technology stocks undoubtedly sounded the alarm for market investors, clearly exposing the huge position risk of blindly entering the artificial intelligence race. Fuguo Bank's strategy analyst Ohsung Kwon believes that the "sugar rush period" that has been driving the recent frenzy in the stock market is expected to come to an end, and the overall climb of the market will slow down significantly in the future. However, there is still room for the overall trend of the US stock market to rise.
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