Fitch warns AI market correction emerging as major global credit risk

The AI boom and the risk of a correction are emerging as major global credit ​risks, ratings agency Fitch has warned, adding to ​growing concerns that soaring tech valuations and unprecedented AI spending may be running ahead ​of uncertain future returns.

In its third-quarter Global Risk Outlook, Fitch said the credit backdrop remains dominated by two short-term risks: mounting vulnerability to an AI-related market correction and continued uncertainty linked to the U.S.-Iran conflict.