Here are other AI stocks vulnerable to profit taking as Druckenmiller sells some Nvidia

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Investment Strategy Notícia

Stock Markets,Advanced Micro Devices Inc,Micron Technology Inc

Nvidia is far from the only AI stock that's run too far too fast

Billionaire investors have begun cashing in on their Nvidia bets as the stock rockets toward new highs. But the chipmaking darling is far from the only artificial intelligence stock that's run too far too fast. Stanley Druckenmiller told CNBC's " Squawk Box " on Tuesday that he trimmed his Nvidia stake in late March, saying that the stock's become a "little overhyped" in the short term.

mountain Shares over the last year Super Micro Computer has experienced the most significant run of the group. Shares of the high-flying AI company have rallied about 203% since October as investors bet on its servers. Over the last year, shares have surged 493% and trade at a 185% premium to their five-year average PE. Arista Networks , Applied Materials and KLA Corporation also met the criteria.

 

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