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Disappointing earnings from artificial intelligence companies would pose a bigger risk to the tech-driven global stock rally than ongoing geopolitical tensions, according to JPMorgan Asset Management.
“There’s so much focus on AI, that some disappointment could lead to a bigger pullback,” said Kerry Craig, a global market strategist at the firm.
Strong AI demand and expectations for more Federal Reserve interest rate cuts have helped pushed equities worldwide to new records, with the four key US benchmarks soaring in unison to all-time highs….
