AI Rout Exposes Wall Street’s $270 Billion Speculation Machine

This week’s tech rout did more than puncture one of the year’s hottest trades: it exposed the machinery of modern speculation — and how quickly it can work in reverse.

By Isabelle Lee, Denitsa Tsekova · Bloomberg Markets

This week’s tech rout did more than puncture one of the year’s hottest trades: it exposed the machinery of modern speculation — and how quickly it can work in reverse.