Major banks, insurers and online travel agencies stocks took a tumble this week after Meta's new artificial intelligence agent, Muse rose to the top of Apple's app store. Increasing usage of the app sparked fears that personal AI tools could disrupt businesses that benefit from so-called consumer inertia. The Opening Trade spoke to guests about whether the latest AI developments are impacting their outlook for stocks and the broader sector amid an increasingly complex AI trade. Video Transcript 00:00 Speaker A Last week, we spent a lot of time thinking about pacing the frontier, whether that had to happen. This week, we seem to be entirely much more positive about the AI narrative.
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