Apple, Nvidia Are The Most Overbought Stocks On Wall Street Amid AI Frenzy: Here Are Other Stocks With Potential For Pullback

Quick Summary:

Apple Inc.(NASDAQ:AAPL) has emerged as one of the most overbought stocks on Wall Street following its recent surge to record highs, driven by its foray into consumer-centric artificial intelligence (AI.)

What Happened: Apple’s stock has seen an almost 8% increase this week, following the company’s announcement of new AI features at its annual Worldwide Developers Conference.

This has propelled the stock price beyond the $200 mark, making it the second-most overbought stock on Wall Street this week, based on its 14-day relative strength index (RSI,) reported CNBC.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Rounak Jain

Category: Technology

Markets: United States

Topics: Expert Ideas Benzinga neuro TJX Markets Tech AVGO AAPL Benzinga NVDA US8725401090 HPE Top Stories Equities News US67066G1040 US0378331005 SG9999006241 Analyst Color

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-15 @ 10:00:13 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 365 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 18 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21259600

View Article Analysis

About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 25 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

Publisher Details

Frequently Asked Questions