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7hon MSN
The People Who Know Nvidia and Palantir Best Have Issued a $9.3 Billion Warning to Wall Street
Though artificial intelligence (AI) stocks Nvidia and Palantir Technologies appear unstoppable, their insiders are painting a very different picture.
JPMorgan, Citi, and Goldman Sachs are investing heavily in AI technology to transform operations, enhance productivity, and stay competitive.
Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has been the odd one out in the Magnificent Seven for a while. The stock didn’t make parabolic gains, whereas most other AI stocks were on a rally that was truly deserving of the “Magnificent” title.
CEOs of Wall Street heavyweights Morgan Stanley and Goldman Sachs on Tuesday cautioned that equity markets could be heading toward a drawdown, underscoring growing concerns over sky-high valuations.