Effects of April's AI Stock Drops on Arista Networks, AMD, and Arm Holdings
AI Stock Decline in April: Impact of Arista Networks, Advanced Micro Devices, and Arm Holdings
It was a tough month for AI tech stocks as inflation fears were rekindled and a few bellwethers reported earnings that couldn't live up to expectations.
Tech giants 'disappoint' their high expectations, and inflation bites
The notable sell-off across the market and especially technology growth stocks snowballed when the March consumer inflation index (CPI) came out on April 11.
AI stock fears may be overblown, but competitive fears are not
May saw chip stocks bounce back thus far, as last week's weaker-than-expected job report may have taken some of the inflation fears away.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.