ARTICLE AD BOX
AI stocks like NVIDIA, Arista Networks and Celestica are staging a rebound today, the 31th of July 2024 on the US stock market, after falling more than 20 % or entering a bear market in the last 5 -7 trading days.
The AI stocks fall will continue in the coming weeks, according to Wolfteam Ltd.'s projections and estimates. It is just that AI stocks are significantly overvalued, according to most popular valuation metrics. In historical context, as well.
The overvaluation of AI stocks became more pronounced in the last year as the Federal Reserve signaled it is ready to decrease interest rates levels, which will guide both recycled and newly created capital towards technology investments, especially the hot AI sector again.
AI stocks, like the Magnificent 7 or Apple, Microsoft, Alphabet, Amazon, Facebook, NVIDIA and Tesla could most of them record a 30 % + fall from their recent stock peaks mainly on overvaluation and also higher than expected inflation.
English (US) ·