Being right about a technology and right about its stock price are two different trades. AI investors learned that distinction the hard way over the past year.
Palantir Technologies (NASDAQ: PLTR) gave back more than half its value from the 2025 peak. ServiceNow (NYSE: NOW) got taken apart over a single quarter of soft guidance. Advanced Micro Devices (NASDAQ: AMD) spent a long stretch as the also-ran in a market that only wanted one chip name.