AI-linked and semiconductor stocks came under pressure in premarket trading. Nvidia fell more than 2%, while Intel, AMD and Marvell Technology declined 5.5%,
Finding a good deal on artificial intelligence (AI) stocks isn’t easy these days. Many stocks are trading at inflated valuations, and they may not have much room to rise a whole lot higher. That’s why buying AI stocks can be a bit risky.
But there is one potentially underrated AI stock the market has been overlooking that may be one of the better options to consider today: Qualcomm (NASDAQ:QCOM).
It’s been a rough few weeks for the stock market, and the future could be even rockier.
Oil prices are soaring amid increased tension in the Middle East. A discouraging inflation report this week puts more pressure on the Federal Reserve to raise interest rates. Bond market mayhem is rattling investors, as yields reach their highest levels in years.
Berkshire Hathaway sat completely still on three dividend-paying positions last quarter, collecting checks without making a single trade. Here is what that unusual stillness signals for income investors building their own quarterly cash flow.
Warren Buffett doesn’t chase yield, but his disclosed equity book at Berkshire Hathaway still throws off a steady stream of quarterly checks.
» Read more about: Warren Buffett Collects Quarterly Dividends From These 3 Stocks. Should You? »
Monday’s stock market opened under pressure after the CEOs of three major AI companies said the industry should slow down.
AI-linked stocks tumbled on Monday after the bosses of Anthropic, OpenAI and SpaceX called for a slowdown in “reckless” development citing fears the technology could soon run out of control.
Shares in SoftBank, a Japanese investor that is a big backer of OpenAI, slumped 13%, while the South Korean Kospi stock index,
Stock futures fell sharply Monday morning, led by tech stocks, after leading artificial intelligence CEOs called for a slowdown in the pace of developing the revolutionary technology.
In early Monday trading, Nasdaq 100 futures slid by 1.5%, while S&P 500 futures tumbled 0.8%. Leading those losses were shares of technology companies.
» Read more about: Stocks tumble after AI leaders warn that the industry should slow down »