Markets are being shaken by big tech and Trump. It could get ugly
For two years, FOMO has built around artificial intelligence, the promise of a soft landing and belief in rate cuts. All of a sudden, different fears are driving stocks.
After delivering Tesla’s fourth underwhelming quarterly profit result in a row, Musk told investors to ignore their short-term concerns about falling margins, delayed products and unhelpful geopolitics and focus on the promise of Tesla’s grand artificial intelligence plans. If they didn’t believe in this AI vision, they should sell.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
