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Analyst: The AI zone of the US stock market has experienced a moderate and necessary pullback. Follow whether Nvidia's earnings report can stabilize the market.
According to a report by Jinse Finance, AJ Bell analyst Danni Hewson stated that AI-related stocks are experiencing what seems to be a moderate and perhaps necessary adjustment after a strong rise. She pointed out that the wider sell-off of U.S. tech giants stemmed from a report by MIT, which showed that 95% of companies have yet to see a return on their investments in generative AI. "Investors will closely monitor whether AI zone stock prices will stabilize here or if the dumping will continue," she added. "NVIDIA's (NVDA.O) quarterly earnings report next week now looks more critical than before."