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AI Risks Surge Among Fortune 500
Analysts predict a sideways trajectory for Apple's stock, as the market digests the implications of its AI initiatives. Expectations for Apple's AI successes are high, leading to intensified performance pressure. The discourse around AI on Wall Street is evolving towards a normalization, considering a range of factors rather than fixating solely on AI. However, companies in the Fortune 500 are increasingly acknowledging AI as a risk, with a staggering 500% increase in mentions compared to the previous year. Currently, over half of Fortune 500 companies, particularly those in the media and entertainment sector, are now flagging AI as a significant risk factor, demonstrating a heightened awareness of the challenges posed by generative AI.