Analyst: The AI zone of the US stock market has experienced a moderate and necessary pullback. Follow whether Nvidia's earnings report can stabilize the market.
Golden Finance reported that AJ Bell analyst Danni Hewson stated in a report that AI-related stocks are experiencing what seems to be a moderate and perhaps necessary adjustment after a strong rise. She pointed out that the broader selling wave among U.S. tech giants stemmed from a report by MIT, which showed that 95% of companies have not yet seen a return on their investments in generative AI. “Investors will closely follow whether AI zone stock prices stabilize here or if the selling continues,” she added. “NVIDIA’s (NVDA.O) quarterly earnings report next week now looks more critical than before.”
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Analyst: The AI zone of the US stock market has experienced a moderate and necessary pullback. Follow whether Nvidia's earnings report can stabilize the market.
Golden Finance reported that AJ Bell analyst Danni Hewson stated in a report that AI-related stocks are experiencing what seems to be a moderate and perhaps necessary adjustment after a strong rise. She pointed out that the broader selling wave among U.S. tech giants stemmed from a report by MIT, which showed that 95% of companies have not yet seen a return on their investments in generative AI. “Investors will closely follow whether AI zone stock prices stabilize here or if the selling continues,” she added. “NVIDIA’s (NVDA.O) quarterly earnings report next week now looks more critical than before.”