FTSE 100 Hits Record High Despite AI Sell Off The FTSE 100's record high on Wednesday may have come as a surprise given the global tech stock sell off that has been dominating headlines.
However, closer inspection reveals that this rally is more about which markets are insulated from the AI bubble bursting than a genuine reflection of confidence in UK corporate performance.
The fact that the FTSE 100 – heavily weighted towards finance and energy sectors – has been largely shielded from the tech sell off is telling.