Reported 3 months ago
Wall Street investors are turning their attention to ‘AI laggards’ like Intel, Advanced Micro Devices, and IBM as the previous top AI stocks start losing momentum. These companies have exposure to AI but have underperformed compared to the leading AI winners. The shift in focus is driven by lower valuations, sentiment, and earnings expectations, indicating potential opportunities for growth in the latter half of 2024. This rotation comes after a strong first half for megacap stocks and highlights a move towards overlooked companies with strong fundamentals and growth potential.
Source: YAHOO