How Wall Street’s all-in bet on AI blew up

Investors on Wall Street have seen their aggressive bet on artificial intelligence go awry, particularly following the US midterm elections which triggered a mass exit by hedge funds and retail investors from this once-dominant market strategy. This shift underscores the volatile nature of tech-driven trades and raises questions about the sustainability of AI's perceived boom. The fallout highlights how political events can dramatically reshape market dynamics, underscoring the need for investors to remain adaptable in a rapidly changing landscape.