Goldman’s AI memory basket plunges 51% from peak, JPMorgan sees earnings buffer for now
AI-generated summary A Goldman Sachs basket of artificial intelligence memory-related stocks has plunged 51% from its June peak, marking its deepest drawdown since ChatGPT launched in late 2022. JPMorgan says the earnings downturn the market is bracing for is still at least six months away, offering a buffer for investors.