Wavestone CEO: AI panic trading will keep IT stocks under pressure for another year

Glonghui, June 8th — Wavestone CEO Pascal Imbert stated that the so-called AI panic trading, where sectors perceived to be threatened by AI experience successive sell-offs, may last for about a year until the market clarifies which companies will truly face disruption. At a press conference, he said: “I expect that the pressure from ‘SaaS doomsaying’ and the AI risk-exposed ETFs will persist in our industry for about a year.” He added, “During this period, I believe stock-picking investors and value investors will enter this field to invest and capture returns, which will also lead to more differentiation among IT consulting company stocks.”