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Is this finally the end of the AI trade?

The Australian Financial Review (AFR) •
October 25, 2026 • 01:20 AM
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The AI trade is hard to define, but has totally consumed global equity markets which account for a third of our pension assets. Has it reached the end of its run?

Is this finally the end of the AI trade?

The artificial intelligence trade is under threat. In the firing line are ordinary Australians who have around $1 trillion of their pension assets invested in global equities which have been heavily influenced by the pervasive thematic.

Some of our largest super funds are grappling with this very issue, and trying to map the extent to which AI’s tentacles extend throughout the stock market, but also into their private asset and fixed income investments.

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