To The Moon

AI...AI...and AI... The most frequent word heard in investment market after the hype of EV in 2 years ago. As investor interest in artificial intelligence surges, many companies suddenly tout AI product roadmaps. But finding legit AI stocks that already garner revenue from generative AI, like Microsoft and Nvidia, is a challenging endeavor for investors. For many companies, such as Google parent Alphabet, the rise of generative AI poses both risk and opportunity. 

Amid the emergence of generative AI, which can generate text, images, sounds and video, it's a good time to be cautious amid the hype. Today let's look into a few AI stocks through the technical analysis.

To begin, let's start with the leader Nvidia. Without doubt, $NVIDIA Corp(NVDA)$  remains the most bullish due to its leader status in AI development. The share price remains close to the EMA10 support and continues to form higher low, which signifies a continuation of bullish trend. A near term price target of 1000 USD will be just a matter of time.

Nvidia daily chart

Next, we are going to look at Nvidia's biggest rival, AMD. For AMD, I have a $Advanced Micro Devices(AMD)$  vote as last week, the EMA10 and EMA25 began to form a dead cross situation, which represented a short term trend reversal. Any further pullback next week will eventually cause another dead cross towards EMA25. Watch out for your holding and take partial profit if the share price breaches its EMA50 support, somewhere near 175 USD. 

AMD share price

$Semiconductor Bull 3X Shares(SOXL)$  is another stock that becomes my recent favourite other than QQQ. This ETF consists of any semiconductor and AI related companies. If we look at the chart below, the share price began to rebound last week after touching the EMA50 support and formed a higher low, followed by a gap up. These bullish signs should continue to guide the share price higher next week. 

SOXL daily chart

After that, the next candidate will be $Palantir Technologies Inc.(PLTR)$  . For this share, it is still moving within its consolidation zone since early February. Almost 2 months of correction., it is reaching its critical lower band of the consolidation zone and should rebound soon. The last support will be 21.88 USD and you need to watch out your position risk.

PLTR daily chart

Lastly, let's end with $C3.ai, Inc.(AI)$ . Surprinsgly, the share price unables to sustain the gap up due to a good earnings. Very bad and bearish sign for the stock, it even drops below the EMA200 trendline support, with all the EMA lines crossing down. I strongly believe the pullback will continue towards the 23-24 USD zone. Far way to go, be careful! 

C3.AI daily chart

Any other hot AI stocks you hold? When will AI stocks peak? Come and join the discussion below.

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