Ingram Micro Shares Dip Amid AI Infrastructure Concerns

Ingram Micros shares dipped by around 2.5% as investors shifted focus from high-flying AI stocks to demanding actual returns. Oracle and Broadcoms earnings reports raised concerns about AI infrastructure growth outpacing profits. Despite todays decline, Ingram Micros stock remains up 14.6% this year, trading near its 52-week high. Meanwhile, the Federal Reserves hint at lower interest rates boosted market optimism, leading to a rally in major stock indices.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.