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Peter Lynch does not like the AI trade; here's why he says 'Know what you own'

Posted on August 1, 2026
By Business News Today
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Peter Lynch does not like the AI trade; here's why he says 'Know what you own'

Analysts soon began sounding the alarm over the massive AI spending and rising debt of the tech giants, questioning if they will actually bear fruit in the future. The worries sparked a sharp selloff in the tech stocks.