Why Nvidia, Palantir, c3.ai, Other AI-Linked Stocks Are Pulling Back Premarket Monday
Portfolio Pulse from Shanthi Rexaline
AI-linked stocks, including Nvidia, Palantir, and c3.ai, are pulling back in premarket trading on Monday due to fears of a potential bubble and profit-taking following recent gains. Wharton professor Jeremey Siegel believes AI stocks are not in a bubble as they have real earnings behind them.
June 05, 2023 | 11:08 am
News sentiment analysis
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NEGATIVE IMPACT
c3.ai's stock plunged 3.13% to $31.25 in premarket trading due to concerns of a potential bubble and profit-taking.
c3.ai's stock is falling due to concerns of a potential bubble in AI-linked stocks and profit-taking following recent gains. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Advanced Micro Devices' stock slipped 1.33% to $116.29 in premarket trading due to concerns of a potential bubble and profit-taking.
Advanced Micro Devices' stock is falling due to concerns of a potential bubble in AI-linked stocks and profit-taking following recent gains. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Baidu's stock pulled back 1.16% to $131.90 in premarket trading due to concerns of a potential bubble and profit-taking.
Baidu's stock is falling due to concerns of a potential bubble in AI-linked stocks and profit-taking following recent gains. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Microsoft's stock eased 0.50% to $333.73 in premarket trading due to concerns of a potential bubble and profit-taking.
Microsoft's stock is falling due to concerns of a potential bubble in AI-linked stocks and profit-taking following recent gains. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Nvidia's stock fell 1.52% to $387.30 in premarket trading due to concerns of a potential bubble and profit-taking.
Nvidia's stock is falling due to concerns of a potential bubble in AI-linked stocks and profit-taking following recent gains. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Palantir's stock moved 2% lower to $14.52 in premarket trading due to concerns of a potential bubble and profit-taking.
Palantir's stock is falling due to concerns of a potential bubble in AI-linked stocks and profit-taking following recent gains. This could lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100