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NextDC and Firmus Technologies are part of the artificial intelligence trade cool-off

Editorial Disclosure: This article is curated from reporting by the original publisher credited below. It was selected and published automatically under the Pune.Media Editorial Policy and is not original Pune.Media reporting.

Original Coverage & Source Attribution: www.afr.com

Investors are running for cover in different directions after a hurricane tears through the global artificial intelligence trade and claims several high-profile scalps on the Australian sharemarket.

Some are finding safer ground in the local defence and insurance sectors, while others are using the market turmoil to jump on a select few names in the beaten-up retail sector. More cautious fund managers are just building up their cash holdings to deploy when the dust settles.

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