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AI Frenzy and AI Fatigue in Tech Stocks

Writer's picture: Joseph MezrichJoseph Mezrich

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.

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