Why Tech Investors Should Not Be Overly Concerned by the Recent AI Stocks’ Slump
Tech investors have long enjoyed strong market momentum, with major players in the sector driving significant gains. The Nasdaq saw double-digit growth for two consecutive years, with individual stocks delivering incredible returns. For instance, Nvidia Corp. (NASDAQ: NVDA), a leader in AI chip design, experienced a 1,600% surge in its stock value over the past five years, while AI-driven software company Palantir Technologies gained over 800% since its market debut in 2020. The driving force behind this growth has been the excitement surrounding AI, a transformative technology that, much like the internet and electricity, holds the potential to revolutionize industries.…