UBS: AI-Driven Tech Volatility Matches Dot-Com Era Extremes

Volatility in technology stocks driven by the artificial-intelligence trade has climbed to levels comparable with the dot-com era, according to UBS analysis published Monday. The bank pointed to the concentration of index gains in a small group of AI-linked names and the size of recent single-day swings as evidence that dispersion has widened well beyond post-2010 norms. Separately, strategists flagged the coming consumer price index release as a more consequential event for markets than last week's labour data, arguing that the inflation print will do more to shape expectations for the Federal Reserve's next policy move.