Artificial intelligence (AI) firms have continued, in the main, to be among the market leaders in the last quarter, with share prices of some of the leading AI beneficiaries falling and then recovering as it became clear the US was changing tack on monetary policy.
This change, which in all likelihood will see interest rates cut rather than raised, should extend the rally we have seen recently, with global equities buoyed by expectations of monetary easing in the US, broad resilience in corporate earnings and hopes the US and China will be able to come to some resolution on their trade dispute. Lower interest rates are good for long duration assets like quoted artificial intelligence companies, as larger-than-expected rate hikes pose the biggest threat to such businesses. 'A marriage between humans and machines': How AllianzGI is embracing artif...
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