AI Euphoria Disappears From Public Market

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AI Euphoria Disappears From Public Market

The article discusses the recent sell-off in enterprise software stocks, impacting companies like Microsoft, Salesforce, and Adobe. Investors are showing jitteriness towards the software market due to macroeconomic uncertainty and doubts about the effectiveness of AI-powered tools.

While startup valuations related to AI are soaring, public markets are not reflecting the same enthusiasm. Nvidia's stock rise is attributed to sales growth rather than irrational exuberance, and Microsoft, despite its OpenAI partnership, has seen modest stock growth compared to other tech giants like Alphabet and Amazon.

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