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Truist analyst Sam Grelck believes tech stocks are trading at their cheapest levels since ChatGPT's launch, suggesting the market may be overreacting to AI slowdown fears.
In a Tuesday note, Grelck stated that while calls from industry leaders like Anthropic CEO Dario Amodei, OpenAI's Sam Altman, and Elon Musk to slow AI development inject uncertainty, demand for chips, data centers, and other infrastructure is likely to continue accelerating. He expressed skepticism that slower model development would reduce total demand over time.
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Source：MarketWatch · Source Link
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