Is the Artificial Intelligence (AI) Stock Bubble Bursting? These CEO Quotes Say No: The Boom Will Continue
This recent earnings season has seen a violent sell-off in many tech names that have rallied this year as investors have come to doubt the artificial intelligence (AI) boom.
No doubt, big companies continue to spend heavily on AI infrastructure. And while tech giants (NASDAQ: GOOG) (NASDAQ: GOOGL) and Microsoft (NASDAQ: MSFT) posted quite good earnings, apparently, many investors were expecting even more. With the overall economy appearing to soften and the unemployment rate recently ticking up to 4.3%, the sell-off has recently intensified.
Yet, reading the commentary from leading tech companies, this investor thinks concerns over the AI revolution are short-sighted. Based on big tech CEO statements and one statement from a leading memory company at the end of June, there's a good case to be made that the spending boom will continue. That makes the recent pullback in AI stocks a long-term opportunity.
Source Fool.com
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