If AI is cheap, there are many winners ...Middle East

That redirects the market power away from the chipmakers and hyperscalers to companies using AI to become more efficient. It makes AI more accessible and easier to deploy. That's great news for anyone who is a shareholder of those companies.

So while Nvidia is down 18% in the largest single-day loss of market cap for any company ever, there are many winners in the 'real economy'. That's why there are more companies in the S&P 500 up today than down, which is incredible on a day when the index is down 1.9%. Now some of that is falling Treasury yields but I think more of that is coming as pricing power is moved from Nasdaq companies to main street companies.

The Dow Jones Industrial Average is now up 0.5% after opening deeply red.

This article was written by Adam Button at www.forexlive.com.

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