Goldman Sachs said that artificial intelligence has become an extremely influential force in the financial market: compared to oil prices, semiconductor stocks can now better explain price fluctuations of various types of assets. “Technology stocks have become an increasingly important driver of risk appetite,” Goldman Sachs analysts wrote in a research report released on Monday. The bank's research found that in the past three weeks, market differences in the semiconductor sector can explain about 54% of the performance differentiation of various assets; oil prices can only explain 2%.

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