Artificial intelligence
fromYahoo Finance
1 day ago2 Top Oversold Tech Stocks to Buy Before They Soar
Companies are investing heavily in AI infrastructure, raising concerns about long-term profitability and impacting tech stock prices.
With shares going for more than 38.0 times trailing price-to-earnings (P/E), I'm personally in no rush to chase the stock, especially with quarterly earnings just under a week away. That said, some big-name analysts have been bold enough to stay in the bull camp. And that's despite the hot, seemingly overheated run, the relatively stretched multiple, and uncertainties clouding the future of AI.
Bernstein's analysis suggests that the recent selloff creates an attractive entry point for investors, emphasizing that TurboQuant should have 'zero impact' on hard disk drive demand and 'negligible impact' on NAND demand.