- Investor enthusiasm for artificial intelligence shaking on Tuesday Because major tech stocks have been sold. Nvidia fell by 3.5%, and Palantir fell by nearly 10% after claiming in a MIT study that 95% of companies didn't see returns from generated AI. The Nasdaq fell by more than 1.2% this morning.
The long-term enthusiasm of investors for artificial intelligence showed signs of wobbling as tech stocks fell late Tuesday early morning hours. The high-tech NASDAQ fell by more than 1.2% this morning.
Nvidia has been freshly made its first $4 trillion company in the world, sinking 3.5%, while Palantir slipped nearly 10%. The sell-off appears to be partly triggered by the MIT report, which claimed that 95% of companies investing in the generator AI are not seeing returns, and earlier comments from Sam Altman of Openai could suggest that investors could be caught up in the AI bubble. Later last week, Altman drew parallel between today's AI Frenzy and the 1990s dot-com bubble when internet companies valuations surged dramatically before crashing.
Additionally, MIT's research believes that failure is due to the “learning gap” in companies and that integration rather than the quality of the actual AI model is flawed, while market responses highlight growing concerns about the commercial viability of AI.
The NASDAQ recorded its sharpest decline since August, and the defeat quickly spread overseas. Korea's SK Hynix, one of Nvidia's main suppliers, lost 2.9%, while Chip Giant TSMC slipped 4.2%. SoftBank, AI long bullish, craters over 7%. However, Alibaba and Tencent were barely dipped, while Chinese chip-making champion Smic popped as much as 3%.
“Tech stocks were under pressure yesterday under the pressure of being led by AI Poster's child stock Palantir and Nvidia. “We are still in the early days of the AI revolution as we recognize that more companies are being driven by a small number of high-tech companies led by the AI Godfather, so we are still in the early days of the AI revolution. [Huang]and nvidia. ”
The concern that investment in AI is racing ahead of sustainable growth is nothing new. Famous figures, including Alibaba co-founder Joe Tsai and Bridgewater Associates founder Ray Dalio, have been warned against the pace of the boom.
Dario also likened today's Wall Street Cycle to preparations for the late 1990s dot-com crash. “There are certainly major new technologies that will change the world and succeed, but some people are confusing that their investments are successful,” he said. Financial Times Early this year.
Others believe the risk is even greater. Torsten Slok, chief economist at Apollo Global Management, argued last month that AI surges could stem the internet bubble of the 1990s, pointing out that the 10 big S&P 500 companies are overrated compared to the foundations than the height of the dot-com era.
