Market Overview on AI Stocks
Currently, stocks of major tech companies—Meta (NASDAQ: META), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT)—are experiencing declines from their previous highs amidst a phase of disillusionment in the artificial intelligence (AI) sector. According to tech research firm Gartner, the AI hype cycle indicates that we are at the “trough of disillusionment,” with increased skepticism surrounding the technology’s impact and profitability.
Despite the broader declines in the SaaS sector, companies like ServiceNow (NYSE: NOW) and Salesforce (NYSE: CRM) are well-positioned due to their deep integration with customer data and workflows. Advanced Micro Devices (NASDAQ: AMD) remains a key player in the AI infrastructure arena, benefiting from OpenAI’s investment and its leadership in data center CPUs, which are crucial in the evolving landscape of AI technology.
