Indexes Are At All-Time Highs, But AI Stocks Are Already Correcting (Technical Analysis)
AMDAMD(AMD) Seeking Alpha·2024-07-22 21:29
J StudiosAI has had quite the run over the last year and a half. NVIDIA (NVDA) obviously has been the standout, but many others have rallied alongside it in the last year. However, even though the fundamentals still look strong for AI hardware names, and the capital spending toward AI capacity and software products is only growing as we head into 2025, this group of stocks won't go up continuously. After I saw many of their charts begin to show signs of approaching a top earlier this year, I've been exp ...