AI and tech stocks slide
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Sticking with industry leaders is all an investor needs to do to run circles around the market indexes. The Nasdaq Composite has returned 26% over the past 12 months, but leading stocks like Nvidia ( NVDA -0.85%) and Meta Platforms ( META 0.38%) have doubled that return.
The AI boom could be a $16 trillion gift to the stock market, but AI-driven value creation could mean tough times ahead for workers.
SoundHound AI (NASDAQ: SOUN), a voice AI platform that helps businesses deliver conversational AI experiences, has certainly attracted investor interest with its AI-led growth narrative. However, the stock’s history of sharp swings and recent market setup point to meaningful downside risk.
Chip stocks and AI names tumbled for a second day on Wednesday, as anxiousness rises ahead of Powell's Friday speech.
Palantir stock (NASDAQ: PLTR) took a sharp hit on Wednesday, falling about 7% as high-valuation tech stocks pulled back across the market. The AI and data analytics company had hit record highs earlier in the month,
SoundHound AI stock fell amid a marketwide downturn. Even with solid AI tech and a large backlog, meaningful revenue and profits are years away.
In a stock market obsessed with artificial intelligence, Amazon.com Inc. is losing ground.The company’s shares have been lagging the Nasdaq 100 Index for most of the year, and the gap has only widened in the two weeks since Amazon’s July 31 earnings disappointment.
Following a report from Melius Research, CNBC's Jim Cramer, on the Aug, 11 "Mad Money," said he liked ServiceNow's prospects longer term. He said the report was influencing the stock.
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Prediction: These 3 Artificial Intelligence (AI) Stocks Will Be Worth Over $10 Trillion by 2035
However, I don't think it will take nearly as long for multiple stocks to break another important barrier. I predict that the following three artificial intelligence (AI) stocks will be worth over $10 trillion by 2035.
Tech stocks continued to slide on Wednesday as investors sold off AI names amid concern over the sustainability of the AI boom.