AI’s Most Watched Cooling Stock Has Fallen for 11 Straight Days: Analysts Now See a 50% Upside
Vertiv stock posts its longest losing streak on record after hot inflation hit AI infrastructure names, yet 23 of 25 analysts still rate it a Buy.
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Morgan Stanley’s Mike Wilson says the correction is in its final innings and sees the S&P 500 reaching 8,500 by mid-2027.
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Vertiv stock posts its longest losing streak on record after hot inflation hit AI infrastructure names, yet 23 of 25 analysts still rate it a Buy.
Danny Moses likens CoreWeave to WeWork, warning $51B in debt and long leases could overwhelm profits as AI financing echoes 2008.
Technology stocks faced pressure last week as AI financing concerns weighed on investor sentiment, causing AI infrastructure providers CoreWeave and Nebius to plunge over 25%. However, semiconductor equipment makers ASML and TSMC signaled robust underlying AI chip demand. Analysts emphasize that investors should focus on companies converting AI spending into sustainable earnings growth, with valuations and growth prospects varying significantly across major tech players.
Bank stocks are on their longest losing streak since 2008 as Treasury yields rise and Bank of America's fine weighs on big lenders.
Amazon released TorchNeuron, an open-source software tool that allows PyTorch code to run on AWS Trainium chips with minimal changes, challenging Nvidia's market dominance. Amazon stock surged 5% on the announcement. Meanwhile, Karooooo's shares fell 8% despite strong subscriber growth due to lower-than-expected earnings and unchanged guidance. Netflix and SpaceX are set to report earnings, with Netflix focusing on ad revenue growth and SpaceX on AI spending efficiency. MercadoLibre continues expanding in Latin America with heavy investments in shipping and payments.
Headquartered in Paterson, New Jersey, TRG serves more than 1,800 customers across a range of public- and private-sector industries, providing repair and rapid-response capabilities needed to maintain critical