Market Sell-off: Wall Street experienced a significant sell-off, erasing over $500 billion in market value, with Palantir Technologies leading the decline despite positive earnings.
AI ETFs Decline: The Global X Artificial Intelligence & Technology ETF (AIQ) and other AI-focused ETFs saw substantial drops, reflecting a broader unwinding of AI-related investments.
Valuation Concerns: The market correction is attributed to high valuations, with the Shiller CAPE ratio reaching levels not seen since the dot-com bubble, suggesting potential for low returns in the coming years.
Future of AI Investments: While the AI trade is not over, investors are facing the reality of market corrections, indicating a need for caution after a period of rapid gains.
Wall Street analysts forecast VEA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VEA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast VEA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VEA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 65.010
Low
Averages
High
Current: 65.010
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
