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Story summary
- European Central Bank warned that a correction in U.S. AI-driven tech stocks could spill into the euro area, exposing households to €440 billion in equities and noted that AI adoption is steady but unspectacular.
- Nvidia partnered with Apollo Global Management, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilise $500 billion.
- The ECB said a sharp drop in Magnificent Seven shares could trigger fund redemptions and pressure prices, creating a stability issue.
