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AI is the talk of Davos. Is it time to sell?

The truly crazy bubble phase is over, but the investment case remains complex

The subject of AI was front and centre at the World Economic Forum in Davos, Switzerland
The subject of AI was front and centre at the World Economic Forum in Davos, Switzerland Photo: Fabrice Coffrini/Getty Images

The mood of the global elite meeting in Davos, Switzerland, is a useful indicator for investors — as long as they do the opposite.

When the elite are depressed, buy. When they’re positive, sell. When they’re focused on crypto, as in 2021, get out. This year it was impossible to move in the snow-blanketed resort without having artificial intelligence pushed at you.

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