Reported 3 months ago
According to Drew Pettit, director of US equity strategy at Citigroup, the decline in AI stocks is just beginning. He notes that investors should be cautious when stock prices rise too quickly, often driven by hype rather than understanding of the companies involved. Pettit highlighted that major tech stocks, including Nvidia and AMD, have already lost significant value, and without consistent performance to justify valuations, broader market challenges may lie ahead.
Source: YAHOO