AI Summary
Tony Wang from T. Rowe Price indicates that while the AI boom continues, market participants are reevaluating its growth rate and potential returns. He attributes recent market selloffs to factors such as crowded positioning and momentum-driven trading.
- Tony Wang is a science and technology equity strategy portfolio manager at T. Rowe Price.
- He suggests that the AI boom is not over, but markets are reassessing its pace and long-term feasibility.
- Recent selloffs in the market are linked to crowded positioning, leverage, and momentum-driven trading.
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