Prior to reporting its fiscal third-quarter operating results in November, Nvidia's P/S ratio surpassed 30. As for Palantir, its trailing 12-month P/S ratio is currently 119, and that's not a typo. There's virtually no sales or earnings growth rate that can support such aggressive valuation premiums for these two AI darlings.

More than 70% of respondents in a survey by Bloomberg Intelligence also said they expect AI adoption to lead to higher operating costs over the next three years. Most still anticipate productivity to rise more quickly, according to the survey of 151 senior employees in the financial services sector published Wednesday.

Astera Labs, Inc. (NASDAQ: ALAB) is one of the Hot AI Stocks on Wall Street’s Radar. On December 9, H.C. Wainwright analyst Gus Richard raised the price target on the stock to $195.00 (from $175.00) and reiterated a “Buy” rating.

Year to date, Palantir Technologies ( PLTR +3.34%) stock has returned 140% and Intel ( INTC +0.69%) stock has returned 101%. However, certain Wall Street analysts believe the stocks are wildly overvalued. Following are the most pessimistic 12-month forecasts.

Wall Street has quietly become the financial engine behind America’s AI expansion, pouring massive amounts of money into giant data centers, power-hungry chip farms, and next-gen computing campuses. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how

Oracle and other AI stocks tumbled on Thursday after the company reported surging expenditures related to its AI data center buildout, reinforcing concerns on Wall Street about debt-fueled spending on the fledgling technology.

Disney is making a $1B investment in OpenAI and signed a sweeping three-year licensing deal that allows OpenAI’s video model Sora to generate content using Disney’s intellectual properties.

Investors are plowing money into Chinese companies involved in AI despite growing competition between Washington and Beijing over the technology.