the reality this announcement is nothing in my view, it is marketing. From an industry point of view it is not special either
i am stunned the share price moved at all (I think they are slightly surprised as well). From an academic point of view I will be interested in the follow up clarification on how they probably show that there is no short term benefit. Will the ASX unwind trades probably not, but has happened before.
I don’t think CNW has done anything wrong and should not be punished as there announcement is fine and I think correctly not price sensitive. It is just the market frenzy over the word AI regardless of reality.
also my prediction on impact to profit next half $0, and also I don’t actually know as MSP that are not working with AI. I also can’t wait to read the next IT Services IPO and see how many times the word AI is dropped to get people excited.
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