It’s becoming increasingly challenging for artificial intelligence (AI) stocks to impress the market.
Case in point: on May 20, Nvidia (NASDAQ: NVDA) reported its financial results for the first quarter of fiscal year 2027, which ended on April 26
Although its revenue and earnings came in ahead of analyst estimates, the stock still moved lower. Two other AI-focused companies that suffered the same fate are CoreWeave (NASDAQ: CRWV) and Broadcom (NASDAQ: AVGO). Shares of both tech leaders fell significantly post-earnings, but should investors rush to buy the dip?
Let’s find out. 1. CoreWeave CoreWeave’s first-quarter results looked strong, so long as we stop at the top-line. The company’s revenue grew by 111.6% year over year to $2.1 billion.