These 2 AI Stocks Have Stumbled. Now They May Soar Nearly 75%, According to Wall Street.
Artificial intelligence (AI) stocks have been the key driver of stock market gains over the past few years. Investors have been eager to buy shares in companies developing the next cutting-edge technology, and this has been a wise bet. Players such as chip designer Nvidia and memory maker Micron Technology have climbed in the triple and quadruple digits. But in recent months, some AI stocks have stumbled, and even certain strong players have seen momentum slow. This is as investors worry about the sustainability of big tech's billion-dollar spending on the AI infrastructure build-out, and amid general concerns about the economic backdrop. This sluggishness may create opportunities to get in on future AI winners at more reasonable prices. The following two AI stocks have stumbled, but Wall Street expects them each to soar nearly 75% over the coming 12 months. This is according to the average analyst estimate. Let's check them out. Continue reading