Imagine if everything you touched turned to gold, that’s the power of artificial intelligence (AI) in today’s world. AI stocks have been on fire lately, with companies like Nvidia (NASDAQ: NVDA) leading the charge. Nvidia’s AI chips have driven its market cap over $3 trillion.
However, every good run eventually slows down. While Nvidia still has potential, not all AI stocks are as promising. Here are three AI stocks that Wall Street believes are on a downward trend.
1. Arm Holdings
Arm Holdings (NASDAQ: ARM) has seen its stock surge over 120% this year. Although not as impressive as Nvidia, it’s still a significant increase.
Arm specializes in designing semiconductors and software for CPUs. Their revenue hit a record high of $928 million, up 47% from the previous year. A large portion of this revenue comes from royalties…
2024-07-01 04:50:00
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