AI stock selloff is not a crash signal? Wall Street veteran strategist Yardeni: valuation pullback combined with upward earnings revisions means semiconductor stocks present a buying opportunity.

Zhitong Finance APP has learned that Ed Yardeni, President of Yardeni Research and a veteran Wall Street strategist, said on Monday that the recent selloff in artificial intelligence (AI)-related stocks does not mean the market is experiencing a full-scale crash; instead, it helps cool down the previously overheated AI investment boom. He believes that AI technology has real commercial value and is expected to generate substantial profits in the future, and that the recent pullback may provide investors with an opportunity to position in semiconductor stocks.