AI Optimism
Hi friends,
AI has been the talk of the town for quite some time and it's still trending.
I believe it's true that AI will replace and enhance awide aspect in everyone's lives. (Individuals, businesses. All linked)
Now, AI related as well as tech stocks, are all up double digits. Clearly, both big and small money is flowing into such sectors.
I've always liked $Palantir Technologies Inc.(PLTR)$ . It has been in my long-term portfolio for a few years and I intend to keep it that way.
Having said that, if we look at the technical analysis aspect of Palantir, the uptrend has been overstretched by yards & It hasn't retrace. Patterns like thiscan be dangerous. Yes, this uptrend can still continue but do bare in mind that all uptrends need to take a breather in order to be healthy.
Furthermore, looking at the AI fear and greed index, it points to extreme greed.
Time and time again, we see cycles of trends. From .com to EVs to crypto and now, AI.
"It's the future" does not guarantee your profits.
The term "bubble" is a very strong word. I DO NOTthink that we are in an AI bubble. I simply suggest to defray from over-optimism.
Cheers!
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