The ASX's Slump: A Cautionary Tale for Euphoric Investors The Australian sharemarket has taken a hit in recent days, with investors who've been riding the artificial intelligence (AI) boom taking notice. JB Hi Fi's 9.
6% drop after reporting its full year results serves as a stark reminder that even the most promising tech plays can fall victim to their own hype.
Supply chain disruptions caused by the global AI frenzy have squeezed consumer tech margins and forced up wholesale prices, contributing to JB Hi Fi's woes.