Avoiding AI Armageddon: 3 Stocks to Dump Before They Go to Zero

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Investing shouldn’t be a proxy for gambling. Protect your portfolio by avoiding these AI stocks. Nauticus Robotics (KITT): The AI robotics stock faces funding issues that threaten to prevent it from ...

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Protect your portfolio by avoiding these AI stocks.\nNauticus Robotics (KITT): The AI robotics stock faces funding issues that threaten to prevent it from ...</p>\n\n<a href=\"https://investorplace.com/2024/03/avoiding-ai-armageddon-3-stocks-to-dump-before-they-go-to-zero/\">Source Link</a>\n\n</div>\n","source":"investorplace_stock_picks","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Avoiding AI Armageddon: 3 Stocks to Dump Before They Go to Zero</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAvoiding AI Armageddon: 3 Stocks to Dump Before They Go to Zero\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-29 00:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2024/03/avoiding-ai-armageddon-3-stocks-to-dump-before-they-go-to-zero/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing shouldn’t be a proxy for gambling. Protect your portfolio by avoiding these AI stocks.\nNauticus Robotics (KITT): The AI robotics stock faces funding issues that threaten to prevent it from ...</p>\n\n<a href=\"https://investorplace.com/2024/03/avoiding-ai-armageddon-3-stocks-to-dump-before-they-go-to-zero/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4149","symbol_name":"建筑机械与重型卡车","start_time":0,"source_url":"https://investorplace.com/2024/03/avoiding-ai-armageddon-3-stocks-to-dump-before-they-go-to-zero/","article_id":"2423148561","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2423148561","pubTimestamp":1711644401,"sourceInfo":{"source_id":"investorplace_stock_picks","name":"InvestorPlace stock picks"},"weMediaInfo":null,"summary":"As demands drive the market too high, too fast, wise investors might want to start looking into selling these beleaguered AI stocks.","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4149":"建筑机械与重型卡车","DHX":"戴斯控股","BK4134":"信息科技咨询与其它服务","KITT":"Nauticus Robotics, Inc.","TWKS":"Thoughtworks Holding Inc.","BK4077":"互动媒体与服务"},"translate_title":"避免人工智能大决战：3只股票在归零前抛售","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DHX":1,"KITT":1,"TWKS":1},"content_text":"Investing shouldn’t be a proxy for gambling. Protect your portfolio by avoiding these AI stocks.\nNauticus Robotics (KITT): The AI robotics stock faces funding issues that threaten to prevent it from continuing operations.\nThoughtworks Holding (TWKS): A declining outlook indicates bad days are ahead for TWKS stock.\nDHI Group (DHX): The CFO’s comments are an early warning for a bad 2024 for DHX stock.\n\n\n\n\n\n \n\nSource: khunkornStudio / Shutterstock.com\n\n\n\n“A rising tide lifts all ships.” It’s a simple yet stark reminder of investors’ tendency to overestimate the market’s value when things look green. Case in point: the artificial intelligence (AI) boom is pulling a lot of companies up, and there’s a creeping concern about super-high valuations leading to a strong pullback or, worse, an all-out crash. Even billionaires have started unloading some of their strong AI bets. \nWhether this is profit-taking or the early catalyst for massive sell-offs, wise investors know when to look for blood on the streets, which may be a sign to sell weak AI stocks. \nRemember, risk comes slowly, then all at once, and then the next thing you know, stock prices start falling out of the sky as hype and demands dry up. So, if you don’t want to be the one left holding the bag, avoid these three AI stocks like the plague.\nNauticus Robotics (KITT) \nSource: Sarah Holmlund / Shutterstock.comA champion for sustainable ocean technology, Nauticus Robotics (NASDAQ:KITT) specializes in autonomy software, ocean robot development and various services for the marine industry. \nThe company uses artificial intelligence in intervention services and data gathering for its autonomous robots. Its leading product platforms include the Aquanaut autonomous robots, ToolKITT cloud software and Hydronaut autonomous sailing vessels and ocean robotics. \nBased on the company’s third-quarter report, let me tell you that while the company’s products sound cool on paper, its finances tell a different story. Total revenue fell by 47% year over year, while operating losses increased by 36%, mainly due to a steep rise in general and administrative expenses. \n“Currently,” Nauticus admits in the report, “the Company does not generate sufficient revenue to cover operating expenses, working capital and capital expenditures.” That and shrinking revenues and ballooning expenses don’t incite much confidence.\nThoughtworks Holding (TWKS)\nSource: Andrey_Popov / Shutterstock.comThoughtworks Holding (NASDAQ:TWKS) is a tech consultancy firm specializing in enterprise modernization, data and artificial intelligence, platforms and cloud and product design. \nIts services include AI services offering data strategy, mesh, machine learning and governance. The company also provides expertise in enterprise modernization, including digital platform strategy and engineering organization. \nThe company reported a disappointing fourth quarter. Revenue ended 5% below guidance and fell 18.8% based on the same period last year. CEO Guo Xiao cited “specific supply constraints to meet client demand in addition to continued cautious client behavior within the current macroeconomic environment” as the primary reasons for the company’s underperformance. \nWhile Thoughtworks may have a strong client base — with an additional 46 new clients this past quarter — its revenue has been on a downward slide since 2022. This year doesn’t seem like the turnaround year either, with guidance showing an expected 20% to 21% decline. Adjusted EPS is also anticipated to end at a 1-cent to 2-cent loss. \nWith both forecast and financials pointing downward, investors should consider throwing Thoughtworks into their “AI stocks to sell” pile for now.\nDHI Group (DHX)\nSource: everything possible / Shutterstock.comDHI Group (NYSE: DHX) offers AI-powered career marketplaces that target tech roles. The company owns two brands, ClearanceJobs and Dice. These platforms allow hiring managers to connect to a network of tech professionals that match their filtering criteria. \nThe company uses its algorithm to manage over one hundred thousand tech skills and connects professionals to their next career opportunity. Its website also offers recruiting services, career development services and job postings. \nDHI’s full-year report was mixed. The top line grew by 1%, and adjusted EBITDA and EBITDA margins also saw double-digit growth. However, the bottom line dropped by 16%, resulting in a diluted EPS of 8 cents. Total bookings were also down 4% year over year. Despite some positive results, 2024 isn’t likely to be the year DHI turns around. CFO Raime Leeby said the company “expect[s] to result in a low single-digit percentage decline in our total revenue for the full year.”\nOn the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines\nRick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.Technology, Artificial Intelligence\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2024/03/avoiding-ai-armageddon-3-stocks-to-dump-before-they-go-to-zero/.\n©2024 InvestorPlace Media, LLC","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2423148561"}