From Morningstar: 2024-09-24 10:33:00

Despite recent market struggles for AI stocks, Morningstar analysts remain optimistic about the long-term potential. Some major AI stocks are now considered undervalued, attracting new investors. Despite recent losses, AI demand remains strong, with companies like Nvidia and Apple seeing strong orders and growth prospects. Monetization of AI functionality is also progressing with companies like Apple using AI features to drive growth. Overall, the AI market seems fairly valued, with opportunities to find undervalued stocks for investors.



Read more at Morningstar: AI Stocks May be Down, But Don’t Count Them Out