Since the artificial intelligence boom in January 2023, Palantir Technologies (NASDAQ: PLTR) and Super Micro Computer (NASDAQ: SMCI) have seen significant stock price increases of 2,700% and 470%, respectively. However, analysts like Rishi Jaluria and Michael Ng warn that both stocks are overvalued, with potential downside of 75% and 49%, respectively. Palantir is a leader in AI platforms, with impressive financial results, but its stock trades at an unsustainable valuation. Super Micro Computer faces increased competition in the AI server market and has struggled with financial performance, prompting caution among investors. Wall Street analysts recommend reevaluating these stocks before investing.

Read more at Yahoo Finance: 2 Popular Artificial Intelligence Stocks to Sell Before They Drop 49% and 75%, According to Select Wall Street Analysts