Wall Street's new trading logic: Sell any company that could potentially be replaced by AI
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Gelonghui, February 11｜Since the beginning of last week, a series of AI product launches has brought about a significant shift in sentiment. Investors are no longer focused on picking winners, but are instead eager to avoid holding any companies that could potentially be replaced. Gabelli Funds portfolio manager John Belton stated: "Any company that faces the risk of its business being disrupted by AI is being indiscriminately sold off."
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