AI stock wobble: volatility rises but no bubble burst as policy drama grows
TL;DR Summary
A rocky week for AI equities as Alphabet slides and chipmakers slump, dragging markets with no sign of a crash yet; SpaceX losses and OpenAI's delayed IPO underscore ongoing caution, though other AI players like Micron show resilience. Separately, California's proposed 5% one-time billionaire tax is shaping politics ahead of the 2028 cycle, with Gov. Gavin Newsom proposing a nationwide minimum tax on fortunes above $100 million as a counterproposal.
- Rocky week for AI as shares slump but no sign of crash – yet The Guardian
- Are AI stocks headed for further turbulence? Financial Times
- An exuberant quarter for equities, but not an irrational one? marketscreener.com
- Can technology regain its poise? UBS
- The big surprise for the year’s second half could be the AI trade powering higher. Why it wouldn’t take much. MarketWatch
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