Retail Investors Starting To Rotate Away From AI Stocks As Institutions Wait For Right Moment To Short

In his latest weekly market commentary, Goldman trader Bobby Molavi dedicated an obligatory paragraph to AI, because - as he put it well - "not a week can go past without mentioning it…but the headlines seem to be slowing…and the focus on AI winners/losers seems to be normalizing." It's not just the headlines that are slowing, so is the lifeblood of the craze: traffic.

As we reported last week, Similarweb data showed ChatGPT's website traffic slid 9.7% from May to June, the first traffic decline at the revolutionary AI portal since it burst on the scene last November.