AI trade faces turmoil as investors shift to consumer stocks

Industry
โดย Yahoo Finance·Read original
Summary · why it matters

Great Hill Capital chairman Thomas Hayes tells Yahoo Finance that AI is part of the 'Back to the Future' trade as investors move away from crowded tech positions. He notes that the Magnificent Seven have lost $2.8 trillion in market cap, down 13%, with Nvidia down 9%, Google down 11%, and Amazon down 14% month-to-date in June. Hayes points to high capex-to-free-cash-flow ratios and retail crowding into semiconductors as warning signs, and suggests rotating into consumer discretionary and staples, which have underperformed the S&P 500 for years.

Impact on stocks 5

Artificial Intelligence▼ · 4 stocks
NVIDIA Corporation
NVDA
▼ NegativeDemandrelevance

Article mentions Nvidia down 9% as part of AI trade selloff, implying reduced investor demand for its stock.

Amazon.com Inc
AMZN
▼ NegativeDemandrelevance

Article mentions Amazon down 14% as part of AI trade selloff, implying reduced investor demand for its stock.

Alphabet Inc Class C
GOOG
▼ NegativeDemandrelevance

Article mentions Google down 11% as part of AI trade selloff, implying reduced investor demand for its stock.

Semiconductors▲ · 1 stocks

Off-coverage companies 1

Great Hill CapitalPrivate± Mixed
relevance

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