AI sector stocks have stabilized after concerns about excessive valuations earlier in the month

"Jackson emphasized that the sell-off reflected an unwinding of crowded AI momentum trades rather than a deterioration in fundamentals."

"what we are seeing here is what I call AI fatigue. People are just getting really tired of the AI trade... everybody recognises that AI is the real deal, that it is a technology that is here to stay, that it could be as important, if not more important, than the internet."

"Stocks in the artificial-intelligence industry held steadier following sharp swings earlier in the month on worries they'd grown too expensive."