UBS CEO Jeff Bezos: The recent pullback in AI concept stocks is due to investors' overly high expectations.

UBS CEO Jeff Bezos points out that the recent sharp pullback in AI concept stocks is due to investors' overly high expectations for the AI industry. He states that market pricing is based on 'perfect expectations,' and the US midterm election results and global infrastructure discussions may slow down the expected progress of AI outcomes. Bezos is optimistic about the economic benefits of AI but believes the market is overly optimistic about the speed of achieving results.