According to Bloomberg, artificial intelligence technology has driven the stock prices of some companies to soar, but it has also raised questions about their valuations. Mahoney Asset Management CEO said the market is distinguishing between winners and losers.
Companies such as Super Micro and Lumen Technologies have seen their shares tumble amid financial reporting issues and allegations from short sellers. Super Micro said it does not comment on rumor and speculation, while Lumen believes the growth of AI will increase demand for its fiber-optic networks.
Hindenburg launched an attack on some AI companies in March, causing their share prices to fall. Investors began to question whether these companies can survive in the long term, and the long-term shape of the AI investment cycle remains unclear.
