Oracle and Nvidia Shares Have Plunged Over the Past 3 Months. Is It Time to Cut These Tech Stocks Loose?
Nvidia and Oracle shareholders are losing patience, but now is not the time to ditch these tech giants.
Overview
Many artificial intelligence stocks have suffered the wrath of unhappy investors over the past several months, and Oracle (NYSE: ORCL) and Nvidia (NASDAQ: NVDA) are no exception.
Investors have become increasingly skeptical that all the spending on AI infrastructure will pay off, and that's put pressure on companies' share prices, with Oracle tumbling 28% and Nvidia sliding 9% over the past three months.
Details
With their share prices declining and AI spending pessimism on the rise, is it time for investors to ditch Oracle and Nvidia? Not so fast.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.