AI Bonds Pressure Markets

“The markets are very interconnected now,” said John Lloyd, global head of multisector credit at Janus Henderson Investors. “It will be hard for the credit markets to do well if AI stocks are selling off, and vice versa.”

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Investor enthusiasm about AI has been a powerful tailwind for markets in recent years. But the past few weeks have been tough, with the tech-heavy Nasdaq composite down 6.1% on the month.