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UBS CEO says AI investors were 'pricing perfection' until sector's sharp correction

By Reuters News

SYDNEY, Nov 9 (Reuters) - UBS Chief Executive Sergio Ermotti said on Monday AI investors and financial markets had been "pricing perfection" for the technology sector until a sharp correction unfolded over the past few weeks.

Ermotti, speaking at a UBS conference in Sydney, said recent US midterm election results and the global debate on the future of AI could lead to a delay in delivering infrastructure, especially data centres, to support the sector.

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