Puru Saxena: Shift from bullish to bearish sentiment in AI stocks

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17 hours ago

Puru Saxena: Shift from bullish to bearish sentiment in AI stocks — AI stocks sentiment shifts bearish

Puru Saxena, investment commentator and ex-fund manager at FinTwit, observes a notable change in market sentiment toward AI stocks. Earlier in June, he noted that comments were overwhelmingly bullish when he cautioned about a potential pullback.

Now, he points out that most comments have become bearish, with many market participants anticipating further downside in AI equities.

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Saxena has previously analyzed sharp pullbacks in equity markets. In one instance, he noted that the KOSPI dropped 9 percent, triggering a trading halt and heavy losses for memory stocks. He also highlighted a session where KOSPI futures fell 10 percent in a sudden decline.

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