If I Could Only Buy 1 AI Stock in November After This Sell-Off, It Would Be This One.
Last week, the artificial intelligence trade had its roughest week in months, and it was not just one company’s problem. A hot inflation report raised the odds that borrowing costs will stay expensive, Goldman Sachs (NYSE: GS) and its CEO warned about debt piling up behind data center build-outs, and the selling spread quickly.
Oracle fell about 9%. Advanced Micro Devices dropped a similar amount. Super Micro Computer lost 23% and was the worst stock in the S&P 500. Palantir Technologies slid into correction territory as AI software names shed roughly $260 billion in value. CoreWeave and its $50 billion in debt made the headlines, but the damage extended to companies with no debt at all.
That is where the opportunity is.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.