2 Artificial Intelligence (AI) Stocks That Could Fall 19% and 65%, According to a Pair of Wall Street Analysts
Artificial intelligence (AI) stocks are suddenly seeing red. The segment plunged last week after a pair of earnings-driven declines from ASML and Taiwan Semiconductor, two leaders in semiconductor manufacturing, sparked a broader sell-off.
On Friday, one analyst questioned Super Micro Computer's (NASDAQ: SMCI) decision not to release preliminary revenue results, even though it had become a custom, and that led to a bloodbath. Supermicro stock finished the session down 23%, Arm Holdings lost 17%, and Nvidia (NASDAQ: NVDA) finished the day down 10%.
Is the AI bubble bursting, or is this just a temporary sell-off? No one knows the answer to that question, but a pair of Wall Street analysts think two top AI stocks, Nvidia and Supermicro, are both headed lower. Keep reading to see why.
Source Fool.com
