The AI Trade Is Evolving
The most crowded trade on Wall Street just got a lot cheaper. For the better part of two years, tech investors were paying nose-bleed prices — forward price-to-earnings (P/E)…
Written byMatthew ClarkSource: Money & Markets
The most crowded trade on Wall Street just got a lot cheaper. For the better part of two years, tech investors were paying nose-bleed prices — forward price-to-earnings (P/E) ratios pushing 40X for the S&P 500 Index’s biggest information technology names. Now, in a matter of months, that premium has collapsed. We’re talking about a […]
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