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Rightmove’s AI plans will ‘change the game’ following share drop ‘overreaction’
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Rightmove’s AI plans will ‘change the game’ following share drop ‘overreaction’
RBC Capital Markets has criticised what it says was a market overraction to Rightmove’s announcement that profits would be hit by increased investment into AI on Friday, when share prices fell by as much as 28% during trading. ‘We think the market has it wrong’, RBC said in a statement on Tuesday. ‘Rightmove is not broken, it does not need fixing, however the investments announced today, if executed well, should lead to a better bigger business …
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