Jun. 3 at 1:55 PM
$SPYI expect AI to disproportionately benefit large incumbents like
$NVDA and
$MSFT, which have the chips, cloud, and distribution to monetize it. At the same time, the wave of small AI startups emerging everywhere will face intense competition and high failure rates. A broad shakeout there could weigh on sentiment and the wider market, raising recession risk.