Some Wall Streeters doubt AI technology can ever deliver on profits. Timothy Casaletto, a prominent skeptic, is having a tough stretch. The artificial-intelligence frenzy that fueled a record run for stocks has left the biggest fund he manages starkly underperforming the S&P 500.
The Vanguard Dividend Growth Fund is up 55% over the past four years, compared with a return of 126% for the S&P 500, through Friday. Shares of Core Weave slid last week, a sign the trade might be entering a new stage. Already a subscriber? Sign In.
Source: Wall Street Journal Markets · Summarized by HeadlinesBriefing