The recent rally in tech stocks linked to artificial intelligence has stalled as Nvidia dropped back below a $1tn market capitalisation and C3.ai suffered a selloff in its shares due to a disappointing sales outlook. C3.ai fell over 20% in pre-market trading on 10 June, while Nvidia declined 5.7% the previous day. Analysts have cited concerns over lofty valuations, but remain optimistic that AI spending will increase in the longer term, benefiting the sector. Nvidia co-founder and CEO Jensen Huang said companies that refused to exploit the opportunities AI presents would perish. The stock is trading at 23 times estimated sales for the year.
AI stocks suffer setback as Nvidia falls below $1 trillion mark again
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
OpenAI ChatGPT App Update: Privacy Breach Resolved
Update resolves privacy breach in OpenAI ChatGPT Mac app by encrypting chat conversations stored outside the sandbox. Security measures enhanced.
AI Revolutionizing Software Engineering: Industry Insights Revealed
Discover how AI is revolutionizing software engineering with industry insights. Learn how AI agents are transforming coding and development processes.
AI Virus Leveraging ChatGPT Spreading Through Human-Like Emails
Stay informed about the AI Virus leveraging ChatGPT to spread through human-like emails and the impact on cybersecurity defenses.
OpenAI’s ChatGPT Mac App Update Ensures Privacy with Encrypted Chats
Stay protected with OpenAI's ChatGPT Mac app update that encrypts chats to enhance user privacy and security. Get the latest version now!