Air cargo traffic ‘defying gravity’ as AI sell-off leaves project forwarders unfazed

The cataclysmic sell-off in AI-related equipment that wiped out $1.3trn in chip stocks sent a powerful signal about the frothy AI scene, but it appears unlikely to dent the hot project forwarding market the AI boom has created. All the large chip makers saw their market caps drop by more than $100bn in the slump, led by Nvidia losing $238bn. A serious correction of AI firm valuations has loomed fo Read full article →