From Nasdaq: 2024-04-12 17:21:19

Investors are eagerly awaiting insight from the Federal Reserve Bank regarding future interest rates. Amidst this backdrop, AI stocks like C3.ai, Intel, AMD, Micron, and TSM saw declines. Reports of heightened inflation threaten hopes for interest rate cuts, impacting businesses’ ability to adopt costly AI technologies. Mixed company-specific news further complicates the situation.



Read more at Nasdaq: Why C3.ai, Intel, Advanced Micro Devices, and Other Artificial Intelligence (AI) Stocks Slumped on Friday