Will AI stocks bring home the bacon next week?

pekss
2023-09-23

With hopes dented of an end to the Fed’s rate hike and reversion to rate cut starting early next year after the latest Fed policy meeting earlier in the week, the market is now awakening to the reality of higher rates for longer and bracing itself for another rate hike before this year ends.

Highly speculative growth stocks took the blunt of the blow, due to their higher sensitivity to interest rates.

As such, I’m looking to rebalance my portfolio by reducing my positions on speculative plays the likes of $C3.ai, Inc.(AI)$ , $Palantir Technologies Inc.(PLTR)$ and $Semiconductor Bull 3X Shares(SOXL)$ whose stock prices had benefited from recent hype on artificial intelligence and risen to heights unsustainable with their fundamentals, as AI has yet to bring home the bacon and contribute significantly to their top lines and bottom lines.

However, I have more faith in $NVIDIA Corp(NVDA)$ and $Tesla Motors(TSLA)$ with their more diversified income streams from applications beyond AI. With their stronger fundamentals and leadership in their respective markets, they will be better equipped to withstand economic slowdown compared to their peers. Hence, I’ll continue to hold them for long-term growth.

@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger 

# 💰Stocks to watch today?(26 Dec)

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  • cheeryx
    ·2023-09-25

    $英伟达(NVDA)$ I am seeing a bubble about to land on this company

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  • fizzik
    ·2023-09-25

    While future is bright for Nvdia, I think it will have a hard time as we go into recession. The market is being propped by government spending. Nobody knows what will happen but I am starting to think the market is topping out.

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  • mizzle
    ·2023-09-23

    Given its namesake and ticker symbol, C3.ai briefly experienced some meme trading activity during the early days of AI hype. However, after a couple of mundane earnings reports, savvy investors appear to be catching on to the company's lack of prospects. Let's dig in and analyze why it may be time to move on from C3.ai and look elsewhere.

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  • kookiz
    ·2023-09-23

    My average is 21 and I am not selling! AI was reported today as the most reserched stock by investors and curiosity begs money especailly long term when this is essential to all industries. Buying at this price will make you rich no matter how much you buy now!

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  • ColinThorndike
    ·2023-09-23

    I don’t know about AI but the market is going to have a strong close!

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