These AI-Related Stocks Were Down +10% Week Ending September 6 -

These AI-Related Stocks Were Down +10% Week Ending September 6

Sep 07, 2024Jeremy ParkinsonFinance, No picture0

IntroductionTech stocks plummeted this week after the ISM manufacturing index reported August figures that came in below consensus expectations raising fears about the strength of the economy and increasing chances that the Federal Reserve will cut interest rates.Below is a list of those AI and AI-related stocks we monitor in our 12 portfolios that declined 10% or more, in descending order, w/e September 6th and the extent of their excessive (+10%) short interest which, simply put, is a measure of how many investors are betting that a stock’s price will fall.

Zscaler (ZS): – 21.6%

BigBear.ai (BBAI): -18.9%

Recursion Pharmaceuticals (RXRX): -18.7%

Short Interest: 19.79%

Innodata (INOD): -18.6%

Short Interest: 11.24%

Rigetti Computing (RGTI): -18.5%

Short Interest: :15.1%

ASML (ASML): -16.7%

Broadcom (AVGO): -15.9%

Intel (INTC): -14.3%

KLAC Corp. (KLAC): -14.2

GlobalFoundries (GFS): -14.1%

Nvidia (NVDA): -13.9%

Monolithic Power Systems (MPWR): -13.7%

Amkor Technology (AMKR): -13.3%

Marvell Technologies (MRVL): -13.2%

D-Wave Quantum (QBTS): -12.9%

Short Interest: 10.9%

Infineon Technologies (IFNNY): – 12.0%

Exscientia (EXAI): -11.9%

NXP Semiconductors (NXPI): -11.6%

Applied Materials (AMAT): -11.4%

STMicroelectronics (STM): -11.2%

CrowdStrike (CRWD): -11.1%

SoundHound AI (SOUN): -11.0%

Short Interest: 23.75%

Synopsys (SNPS): -10.7%

Lam Research (LRCX): -10.6%

ASE Technology (ASX): -10.5%

Micron Technology (MU): 10.2%

Digimarc (DMRC): -10.0%

ConclusionAI-related technology stocks are on sale like never before so if you are inclined to buy into the sector or average down with any of the above 27 stocks now is the time to do your research and buy those stocks you think have the greatest potential.More By This Author:Largest Cannabis Stocks Are Down +10% In Last Two Days: Here’s Why
Our AI-Focused Drug Discovery Stocks Portfolio Was Up Almost 7% Last Week
Our American Cannabis MSO Portfolio Was Down 6% Last Week

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