NewsBeat
Are the three mega-AI IPOs about to break the market?
However, it seems likely that all three IPOs will materially reshape the markets. JP Morgan estimates some $410bn in passive buying from the index inclusion of major AI IPOs. “At index level, the increased weights of the newly included companies would come at the expense of the weights of the companies they replace as well as the biggest tech companies like Mag 7,” the “magnificent seven” tech firms, wrote Nikolaos Panigirtzoglou, an analyst at JP Morgan, in a research note published in mid-May.
You must be logged in to post a comment Login