The large cap indexes all set new records in August, but it wasn’t the usual suspects that led the way.
AI juggernauts Nvidia (NASDAQ:NVDA) and Palantir (NASDAQ:PLTR) barely tread water last month, with Nvidia down slightly, about 1%, and Palantir breaking even.
There is an underlying concern among many investors about an AI bubble, similar to the dotcom bubble of the early 2000s. The soaring valuations and in some cases irrational exuberance around AI stocks may be causing some investors to cash out and sell high.
This post appeared at Dynamic Wealth Report.