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

Reported by MarketWatch · Published 27 Oct 2026, 7:15 PM MYT (2 hr ago)

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Historically, the surges in investment and in the profitability it produced have proven unsustainable for U.S. tech companies, says Michel Lerner.

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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

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