Kevin Gordon, a senior investment strategist at Charles Schwab, has observed a profit-taking trend among investors in the AI trade.
During the interview at CNBC, Gordon explained that the AI sector has seen remarkable growth, fueled by advancements in technology and increasing adoption across various industries.
This trend comes as the AI sector has seen rapid appreciation, prompting investors to secure gains. Artificial intelligence-related stocks have seen a significant increase in interest from investors. But with the market appreciating so quickly, investors are now taking profits as they try to get the most out of their investments.
Despite short-term volatility, the long-term forecast for artificial intelligence (AI) is bright because of growing adoption and continuous scientific improvements.
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