AI Frenzy and AI Fatigue in Tech Stocks
- Joseph Mezrich
- Jul 1, 2024
- 2 min read
The public was introduced to Open AI's ChatGPT on November 30, 2022. It took a month for the potential of this breakthrough to electrify the performance of tech stocks. The tech sector in the S&P500, measured by the XLK ETF, dropped in December. But XLK took off at the beginning of January and returned 55% in 2023.
