U.S. bank stocks are plunging.
Bank indexes have posted losses for six consecutive weeks, their longest losing streak since 2008, while the S&P underperformed on 18 out of 21 days—a record not seen since 1992.
AI development was supposed to be an opportunity to generate revenue, but rising financing costs for AI companies are adding to the pressure, making this a warning sign.
Bank indexes have posted losses for six consecutive weeks, their longest losing streak since 2008, while the S&P underperformed on 18 out of 21 days—a record not seen since 1992.
AI development was supposed to be an opportunity to generate revenue, but rising financing costs for AI companies are adding to the pressure, making this a warning sign.