Despite optimism from tech leaders, investor sentiment seems a bit more cautious. Performance of the Magnificent Seven stocks, outside of Tesla (TSLA), has been lackluster since Election Day, hampered by risks associated with a stronger dollar and more tariffs.
That could change quickly, Defiance ETFs CEO Sylvia Jablonski told me. AI, which has “essentially been all the rage” on Wall Street, remains in its “infancy,” with vast growth potential ahead, he said.
And IBM’s Krishna echoed this sentiment, citing AI as a key catalyst not only for IBM’s stock but the US tech sector overall.