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As AI giants such as nvidia plummet, the "AI laggards" have become the new darlings of Wall Street.
AI leaders such as Nvidia seem to be losing their shine, and "AI laggards" are favored by investors. Melius said that "AI laggards" like AMD, Intel and IBM may see a surge in trade.
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The magnificent 7 tech giants pale in comparison, and AI laggards are favored by investors.
Wall Street is shifting its focus from obvious large-cap stocks and looking for the driving force behind the next wave of AI themes. Some investors are betting that the Magnificent 7 in technology have lost momentum after 18 consecutive months of gains and are therefore turning their attention to so-called “AI laggards” identified by Melius Research. This group, which includes Intel, AMD, and IBM, is related to the AI theme but has failed to keep up with the large gains of the AI winners in the first half of the year. The three companies mentioned above have all outperformed the market in the past month, while AI darling Nvidia has seen a slight decline during this period. It is crucial that
Market-Moving News for July 17th
Aehr Test Systems Stock Soars on Artificial Intelligence (AI) Acquisition and Better-Than-Expected Annual Guidance
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