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An AI Market Correction Is Becoming a ‘Major’ Credit Risk, Fitch Says
The Dow industrials rose Tuesday.Credit: Angela Weiss / AFP via Getty ImagesKey TakeawaysFitch warns that an AI-related market correction could pose significant credit risks.Slowing U.S. consumer momentum, high inflation, and geopolitical uncertainty add to economic vulnerabilities, according to Fitch.As semiconductor and other AI-related stocks slide, worries are mounting about the potential consequences of a protracted pullback.Fitch, one of America’s big three credit rating agencies, warns that the possibility of an AI-related market correction, along with geopolitical uncertainty in the…
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