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Spiros Margaris, founder and owner of Margaris Ventures, questioned the idea of selling AI stocks, noting that even value funds have held companies such as Micron and Sandisk and achieved strong returns this year.
Margaris stated a preference to remain invested in quality companies and cautioned that attempting to time the market increases the risk of missing out on the next major rally in AI stocks.
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Earlier this year, Margaris highlighted the surge in memory chip prices driven by AI demand, projecting that Apple could face $25 billion in storage costs as a result (read more). He also reported that Bank of America hired 1,000 extra contractors to address AI-identified security issues, aiming to realize $700 million in cost savings (read more). These developments reflect ongoing corporate investment and operational shifts tied to the rapid adoption of AI technologies.