Small investors are losing their interest in AI — except for one resilient stock

  • 📰 CNBC
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Quantum computing company IonQ has been able to sidestep the retail investor cooldown.

Retail investor interest in artificial intelligence is cooling — but not every stock is feeling the pressure, according to Vanda Research. The slide in interest in stocks tied to AI has been particularly pronounced in small-cap plays, said Marco Iachini, the firm's senior vice president. That fall from grace comes after AI captured investor interest and sent Nvidia and other plays on the emerging technology to record highs.

mountain IONQ's two years as a public company Half of analysts rate the stock a buy, while the other half have hold ratings, according to LSEG, formerly known as Refinitiv. The average analyst sees a pullback ahead, with a price target implying shares could fall more than 1% over the next year. Meanwhile, Iachini said demand is "feeble'" among retail traders for Nvidia, but the lackluster interest likely won't have significant influence on the stock.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines