AI Slowdown Talk Turns Tech’s Biggest ‘Losers’ Into Monday’s Biggest Winners
Calls to slow AI model development could trigger a market rotation, lifting software and cybersecurity stocks per Melius Research.
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Evercore ISI Group analyst Peter Levine maintains SailPoint (NASDAQ:SAIL) with a Outperform and raises the price target from $18 to $22.
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Calls to slow AI model development could trigger a market rotation, lifting software and cybersecurity stocks per Melius Research.
Security software surged on AI-safety warnings while optics and chip-test names cratered, as the 10-year yield briefly topped 5% and oil pushed past $102.
Nasdaq fell 1%, while Elmet surged 50.6% on $450M DoD funding plans; Rum, SailPoint, Tyra and cybersecurity stocks also rallied.