The Stocks Wall Street Thought AI Would Kill Just Jumped 5% While AI Darlings Sank
Consulting and IT services stocks that had been pressured by concerns that AI would erode their businesses rose after an unconfirmed revenue figure emerged, while AI-focused stocks fell. The excerpt does not identify the figure or specific stocks.
Why it matters — EPAM watchers may note the shift in sentiment toward consulting and IT services companies amid AI-related concerns.