Nvidia, Super Micro Computer lead AI trade carnage
Publishing timestamp: 2024-08-05 12:15:52
Summary
AI stocks dropped as recession fears sparked global sell-off on Wall Street. Concerns over return on investment for AI spending and disappointing earnings results led to sell-off in AI sector and major technology stocks. Nvidia delayed its latest AI chip, affecting megacap customers. Investors turned to Advanced Micro Devices amid news. Goldman forecasts low S&P 500 annual return for next 10 years.
Sentiment: NEGATIVE
Tickers: 2330-TW, AMZN, TSLA, ARM, GOOGL, SMCI, NVDA, META, MU, MSFT, AAPL, SMH,
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