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

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.

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.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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