AI stocks face further declines amid US economic slowdown: Academy Securities

Peter Tchir from Academy Securities has highlighted the potential for continued selloff in AI-related stocks, citing mechanical selling amid a slowing U.S. economy. Tchir’s analysis suggests that without increased spending on computing power, the AI sector could face further valuation declines. This comes as the Nasdaq 100 has entered correction territory, with a notable reduction in technology market values. The focus remains on whether spending on AI infrastructure will yield sufficient returns, a concern affecting major suppliers like Nvidia and AMD . Watch for any announcements from major AI companies, such as Anthropic , regarding funding rounds or strategic partnerships.

Source: Crypto Briefing