Top 3 AI Stocks: Buy The Dip

StevenCress
2023-08-24

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Mega Cap Stocks Lead the U.S. Market Rally

U.S. stocks have rallied in 2023, with Mega-Tech stocks paving the way, leading the rally as the NASDAQ Composite is up over 30% YTD.

S&P 500 vs. Dow Jones vs. Nasdaq

S&P 500 vs. Dow Jones vs. Nasdaq YTD Performance (Seeking Alpha Premium)

Nvidia Stock Valuation Grade (SA Premium)

Meta, Amazon, and Google: Strong Buy Stocks

Top 7 Companies That Make Up the Nasdaq (VisualCapitalist)

Quant Factor Grades & Valuation (META, AMZN, GOOGL) (SA Premium)

Best AI Stocks to Buy

AI Quant Strong Buy Stocks vs AI Quant Sell & Strong Sells (SA Premium Portfolio Tool)

1. Meta Platforms (NASDAQ:META)

  • Market Capitalization: $728.85B

  • Quant Rating: Strong Buy

  • Quant Sector Ranking (as of 8/22/23): 1 out of 249

  • Quant Industry Ranking (as of 8/22/23): 1 out of 61

Threads may add one to two points to the company’s 2024 growth. "Assuming the app is successful, Meta captures 250 [million] average users in 2024, and that Meta chooses to start the revenue ramp next year and reaches 50% of Twitter’s 2021 APRU (which was $23), we estimate a $2-3bn 2024 revenue opportunity."

Meta, Amazon, and Alphabet Growth & Profitability Metrics (as of 8/22/23) (SA Premium)

2. Amazon.com, Inc. (NASDAQ:AMZN)

  • Market Capitalization: $1.37T

  • Quant Rating: Strong Buy

  • Quant Sector Ranking (as of 8/22/23): 3 out of 530

  • Quant Industry Ranking (as of 8/22/23): 1 out of 30

3. Alphabet Inc. (NASDAQ:GOOG) and (NASDAQ:GOOGL)

  • Market Capitalization: $1.61T

  • Quant Rating: Strong Buy

  • Quant Sector Ranking (as of 8/22/23): 3 out of 249

  • Quant Industry Ranking (as of 8/22/23): 3 out of 61

Risks to Tech and AI Investing

Conclusion

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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