The great AI sell off - a pause for thought, or a panic? (opens original article in a new tab)

Investors are reassessing AI stock valuations after a recent sell-off, with concerns about whether returns will match the high spending on AI infrastructure and the potential risks of leveraged ETFs.

• Elon Musk's shares in SpaceX and Tesla have dropped, reducing his net worth to $957bn
• Major tech companies are spending $720bn on AI infrastructure, but investors are questioning if returns will match the hype
• The AI market sell-off is driven by concerns over valuations and leveraged ETFs rather than negative news
• AI companies like OpenAI may face scrutiny as they seek public listings at high valuations