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AI stocks haven’t played by the normal valuation rules. Now that rates are higher, they may have to, says UBS

AI stocks haven’t played by the normal valuation rules. Now that rates are higher, they may have to, says UBS

marketwatch.com 27.10.2026 12:15 26 views
Historically, the surges in investment and in the profitability it produced have proven unsustainable for U.S. tech companies, says Michel Lerner.