Ultrahisham
01-16

AI needs a breather or does it not? 

AI has been a topic which keeps driving the markets and sentiments forward. Now that it has caught everybody's attention and especially wall streets' beliefs, has it propelled companies driving AI too much forward in terms of value or is there still value to be found at these levels?

Again it boils down to time. I believe AI is here to stay but nothing goes up in a straight line. The AI hype has driven sentiments to a level where I believe the next stage is when people start asking if AI is worth the hype itself (Remember the tech and internet hype of the 2000s and where it led to?). So when that realisation sets in, price will correct to a more reasonable level in line with current profit estimates moving forward. And I believe that will be the time to cherry pick companies which are the real deal behind AI.

My choice? Well my choices have been quite clear from way before the AI hype even started when I started to talk about AI way before (You can check my earlier articles!). So I still believe AI will drive the new economy forwards. 

And I believe the companies doing that will be those like Nvidia, AMD, Super Micro, Micron, Marvell and the likes. However, I believe better prices are ahead and I am conserving cash when people start doubting AI again. 

Disclaimer: Please kindly do your own due diligence as this is a sharing article and in no means financial advise. I am just sharing my opinions and thoughts.

Thanks for reading my commentary. Hope it helps!

Stay safe! 😊

$Semiconductor Bull 3X Shares(SOXL)$  

$Nasdaq100 Bear 3X ETF(SQQQ)$  

$Nasdaq100 Bull 3X ETF(TQQQ)$  

$NVIDIA Corp(NVDA)$  

$Advanced Micro Devices(AMD)$  


Semi Rally: AI Hype to Next Level?
Nvidia stock jumped over 6% on January 8 after a series of announcements at Consumer Electronics Show (CES), which included new chips for generative AI technologies, PCs and gaming, and new partnerships. AMD stock was also up over 5%; the whole semiconductors sector closed green (SOXX +3.26%) ------------------------ [DISCUSSION] With Nvidia's share reaching a fresh all-time high, will it bring the AI hype to a new level? Is AI still the investing theme of 2024?
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.

Comments

  • breezyk
    01-16
    breezyk
    LOL, breather for sure. Agree on cherry picking! 🍒
  • AlvinBell
    01-16
    AlvinBell
    Great insight! 💯
  • Omega88
    01-22
    Omega88
    cool
  • Mom of 2
    01-22
    Mom of 2
    good
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