AI investors are racing to get insurance on the biggest market bet in history
Wall Street placed a multitrillion-dollar bet on artificial intelligence. Some investors are desperate to take the other side.
The trade has proved a lasting winner up to now. Excitement about AI’s potential to transform the economy has lifted stocks from tech heavyweights to utilities and chip makers, while driving a speculative frenzy in other corners of the market.
Some of these optimistic forecasts got a recent reality check, with big and small players alike failing to meet the market’s expectations. Now, investors are sizing up how to protect themselves against the risk of a larger unraveling.
“We’re seeing really significant demand from folks looking to protect downside,” said Stephen Solaka, a senior vice president at Gateway Investment Advisers.
Read the full story | WALL STREET JOURNAL
