Stocks sink as AI mania dies down and companies scrub their forecasts due to economic uncertainty

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Stocks sink as AI mania dies down and companies scrub their forecasts due to economic uncertainty

^{Published on 2025-05-06 12:41:01 - Fortune}

The S&P 500 was down in morning trading and on track for a second drop after breaking a nine-day winning streak.

Stocks experienced a decline as the fervor surrounding artificial intelligence (AI) subsided, with investors becoming more cautious amid economic uncertainty. Companies across various sectors, including technology, have started to adjust their forecasts downwards, reflecting concerns about future growth and profitability. The article highlights how the initial excitement over AI's potential to drive significant advancements and profits has been tempered by real-world economic challenges, leading to a more sober assessment of the technology's immediate impact. This shift in sentiment has contributed to a broader market downturn, as investors reevaluate their positions in light of these revised corporate outlooks and ongoing economic uncertainties.

Read the Full Fortune Article at:
[ https://fortune.com/article/stocks-sink-ai-mania-dies-down-companies-scrub-forecasts-economic-uncertainty/ ]

N@N

Stocks sink as AI mania dies down and companies scrub their forecasts due to economic uncertainty