#tech-stocks

#tech-stocks

Tech stocks could remain under pressure after they led Wall Street lower on Tuesday, with the Nasdaq dropping 1.4% and the S&P 500 slipping 0.6%. Losses were widespread among chipmakers, where Nvidia slid 3.5%, AMD fell more than 5%, and Broadcom lost more than 3%. Palantir was the weakest S&P 500 performer, plunging 9%. The selloff reflected investor caution ahead of the Federal Reserve's annual Jackson Hole symposium, where Chair Jerome Powell is due to speak on Friday.

Altman noted, "When bubbles happen, smart people get overexcited about a kernel of truth." He elaborated that while AI has great potential, investors are too optimistic.

Palantir's revenues soared nearly 50% to almost $1 billion and net income increased 144%, boosting investor confidence in AI’s role in tech growth and job reduction.

Shares of Palantir (NASDAQ:PLTR) have rocketed over 830% in the last two years, and this multi-year rally is showing no signs of slowing down.

Investing in stock and holding it for decades enables uninterrupted compounding interest, avoiding taxes on capital gains and building wealth through properly positioned businesses.

The major indices, except the Russell 2000, have recovered losses from this year’s massive sell-off, with renewed investment interest especially in big-tech stocks.

U.S and China negotiated a temporary 90-day tariff reduction, significantly impacting tech stocks and broader markets, pushing major players like Apple and Amazon higher.

"For the second quarter, TSM expects to see revenue of $28.4 billion to $29.2 billion, with the midpoint above expectations."

The Trade Desk is leading the pack with a forecasted revenue of $575.28 million, indicating significant growth potential with a target price reflecting a 74.5% upside.

The markets are breathing a sigh of relief on positive trade developments, including a comprehensive trade agreement that slashes U.K. tariffs, boosting stock gains.