How to Spot the Winners and Losers in the AI Boom
The Australian
ENRICHED
Details
- Date Published
- 1 June 2026
- Priority Score
- 1
- Australian
- Yes
- Created
- 1 June 2026, 06:01 am
Description
Most investors are asking the wrong question about AI, warns T. Rowe Price boss Robert Sharps, as the Nasdaq surges 25 per cent and hidden risks build in private credit markets.
Summary
T. Rowe Price CEO Robert Sharps offers a critical perspective on the AI market, emphasizing that the current boom is characterized by 'creative destruction' rather than simple universal growth. The analysis highlights mounting financial risks in private credit markets and the potential for rapid displacement of established industries by frontier AI capabilities. While primarily an investment-focused piece, it underscores the systemic economic instability and the shifting landscape of global tech power that could complicate international governance and risk reduction efforts.
Body
How to spot the winners and losers in the AI boomMost investors are asking the wrong question about AI, warns T. Rowe Price boss Robert Sharps, as the Nasdaq surges 25 per cent and hidden risks build in private credit markets.
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