1 Artificial Intelligence Stock Down 43% Set to Soar 100% by 2026, According to Wall Street
MUMicron Technology(MU) The Motley Fool·2024-09-25 18:30

The memory leader reports earnings today.Artificial intelligence stocks have had a tough summer, following a tremendous run in AI-related tech stocks that began in late 2022. One key stock at the very center of the AI boom has actually lost 43% of its value from its June highs. However, some analysts see this summer's pullback as far too early for a semiconductor bear market. Rather, they think the recent drawdown is a mere mid-cycle correction, and overdone.In fact, one analyst said Monday he expects this ...