US stock market weakens as AI enthusiasm declines

US stock markets are seeing some weakness, which many believe is tied to fading excitement over big tech companies, often referred to as the "Magnificent Seven." This change may also be due to uncertainties about the future of artificial intelligence (AI). Recently, significant advancements in AI models have been announced, including new releases from Gemini and OpenAI. However, these developments have not had a positive impact on the market. Investors are cautious and may be reconsidering their strategies regarding AI investments. Goldman Sachs recently lowered its forecast for AI training server demand. They now expect fewer servers to be needed in 2025 and 2026 due to uncertainties in both demand and supply. Although they still predict growth in cloud services spending, it is expected to slow down significantly in the coming years. This situation feels similar to events 25 years ago when Goldman Sachs advised moving away from certain internet stocks. At that time, many believed tech stocks were overvalued. Today, investors are wondering if a similar shift is happening with AI investments. In the markets, Nasdaq futures are stable, but shares of Nvidia have seen a decline of 1.8% in premarket trading. The future of AI investment strategies remains uncertain.