Posted 1/31/2024, 11:03:43 PM
AI Stocks Lose $190 Billion After Weak Earnings Spark Investor Doubts on Returns
- AI companies like Microsoft, Google, and AMD lost $190 billion in stock value after weak earnings reports
- Drop may indicate investors are becoming wary of overpromises on AI without clear monetization
- Comes after massive stock run-ups this year amid AI hype
- Analysts disagree on whether it signals an AI bubble bursting or just minor pullback
- Future depends on if companies can figure out how to profit from AI products