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Why Nvidia, Microsoft, and other US artificial intelligence (AI) stocks just crashed

The article from MSN discusses a significant drop in the stock prices of major U.S. companies involved in artificial intelligence (AI), including Nvidia and Microsoft. This downturn was triggered by a combination of factors including profit-taking after a rapid rise in AI stock valuations, concerns over potential overvaluation, and broader market dynamics. Specifically, after a period of intense growth driven by AI enthusiasm, investors began to reassess the sustainability of these valuations. Additionally, macroeconomic factors like rising interest rates and fears of an economic slowdown contributed to the sell-off. The article also mentions that despite the immediate drop, long-term prospects for AI remain strong, with companies like Nvidia still seen as leaders in the AI hardware space, and Microsoft continuing to integrate AI into its suite of products, suggesting that the current dip might be a temporary correction rather than a long-term trend.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/technology/tech-companies/why-nvidia-microsoft-and-other-us-artificial-intelligence-ai-stocks-just-crashed/ar-AA1xXOuj ]