AI stocks like AMD, C3.ai, Arm Holdings, and Micron dropped due to Fed rate concerns.

From CNBC: 2024-04-02 14:04:36

Recent market trends have been driven by advances in artificial intelligence and speculation on Federal Reserve interest rate cuts. AI stocks like Advanced Micro Devices, C3.ai, Arm Holdings, and Micron Technology saw declines without specific news. The Fed expressed caution in lowering rates, as manufacturing and jobs data suggest inflation remains a concern, potentially delaying a June rate cut. This economic backdrop impacts tech adoption and borrowing costs for AI companies, affecting revenue and valuations. Consider risks and volatility before investing in AI-related stocks.



Read more at CNBC: Why Advanced Micro Devices, C3.ai, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Slumped on Tuesday