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Investors bet ‘AI fatigue’ is a temporary ailment

The biggest market darlings are suffering a humbling period as investors question whether the hype is all it is cracked up to be.

Paul Smith

It is hard to judge anything rational in global markets as they are buffeted by extraordinary forces emanating from the White House, but one thing becoming clear is that the starry-eyed period of the artificial intelligence gold rush has come to an end.

Sure, the eyes of the world will still fix on Nvidia chief executive Jensen Huang every three months for his earnings call, but the days of company stock prices surging based on the mere whisper of their names on his lips have seemingly come to an abrupt halt.

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Paul Smith edits the technology coverage and has been a leading writer on the sector for 20 years. He covers big tech, business use of tech, the fast-growing Australian tech industry and start-ups, telecommunications and national innovation policy. Connect with Paul on Twitter. Email Paul at psmith@afr.com

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    Original URL: https://www.afr.com/technology/investors-bet-ai-fatigue-is-a-temporary-ailment-20250407-p5lpx6