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US Midterm Elections Could Trigger AI Stock Correction, Bull Theory Warns
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
Bull Theory warns that the upcoming US midterm elections could increase uncertainty for AI stocks, as political changes may affect AI investment and market sentiment. Major technology companies are expected to spend nearly $800 billion on capital expenditure, raising questions about the sustainability of the AI boom. The firm notes that pre-election uncertainty has historically coincided with short-term market corrections of 10% to 15%. However, it says the S&P 500 has risen in the 12 months following every US midterm election since 1950. Past performance does not guarantee future gains.
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