Why did US tech stocks suddenly collapse?

Goldman Sachs believes that although the revenue of tech giants such as Nvidia is growing rapidly, the cost of investing in AI is huge, causing the market to worry about the profitability and reasonable valuation of technology stocks. The fatigue of software stocks since this year may also reflect investors' concerns about AI.

wallstreetcn8minutes ago

The “AI leader” is pressing Apple step by step. Can Nvidia take the “Top 2 Market Capitalization” throne?

Almost all artificial intelligence applications, such as OpenAI's ChatGPT, rely on Nvidia's high-end chips, which has nearly doubled the company's stock price over the past year, and the current market capitalization has reached $2.70 trillion.

cls.cn02:10

Weekend Reads | OpenAI Stuck Again: How Are Idealists Shattered?

After all, OpenAI went against group training.

遠川科技評論01:19

Google made an emergency fix to the “AI Overview” feature after a series of outrageous answers emerged

Liz Reed, head of Google's search business, admits that some strange, inaccurate, or unhelpful AI search results did come up. Experts warned that this kind of information retrieval should be Google's core business, and that it cannot be rushed to hand it over to the AI model.

cls.cn22:09

US stocks closed | The Dow surged 1.51%, Dell Technologies plummeted nearly 18%

Technology stocks suppressed the NASDAQ; the chip stock Maywell Technology closed down more than 10%; Apple rose five times in a row, rising more than 13% in May; Gap rose more than 28%, the biggest one-day increase in nearly half a year.

wallstreetcn20:45

The AI terminal “June Show” is about to open! Is the Nvidia, Apple, and AMD dynamic continuous transmission industry setting off a new wave of rotation switches?

① The technology event COMPUTEX 2024 is expected to reveal a milestone in AI technology innovation for the global technology industry; Apple WWDC 2024 will also be held soon. ② AI phones and AI PCs will bring many hardware upgrades, including processor, storage, cooling screen, etc. ③ Brokers recommend focusing on these directions>>

cls.cn20:25