AI Stocks 🧠 - Time to collect or stay away?
The AI market has been experiencing rapid growth, driven by advancements in machine learning, natural language processing, and automation. Key trends include increased adoption across industries for tasks like data analysis, customer service, and autonomous systems. Major tech companies are investing heavily in AI research and development, leading to new innovations and applications. Let's look into a few AI stocks today.
PLTR
Palantir has been benefiting from increased government and enterprise spending on technology and data analytics. The company secured several high-profile contracts, including new deals with government agencies and large enterprises, which are boosting its revenue and market position. This growth is linked to the broader trend of investing in advanced data solutions to enhance decision-making and operational efficiency.
PLTR daily chart
Obviously, PLTR share price was quite tanked these few weeks as compared to other AI stocks. However, last night PLTR plunged directly below its EMA 50 support. Last night candle was ended with a long lower shadow, signifying a strong buying force. This might be a bottoming sign for Palantir, therefore a bullish vote for the company $Palantir Technologies Inc.(PLTR)$
C3
C3.ai's stock has seen significant movements due to recent developments. The company reported increased revenue driven by strong demand for its AI solutions and secured notable contracts across various industries. However, the stock has also experienced volatility due to broader market conditions and fluctuations in investor sentiment regarding tech stocks.
C3.AI daily chart
As you can see from the chart drawn above, 23.59 USD acts as a very strong and important neckline support for C3. The share price touched this support at least 5 times, since 2024. Therefore, the analysis for C3 will be quite simple and direct. Last night, its share price once again retraced towards this blue coloured neckline and rebounded. I believe for next week, the downside risk for C3 will be low, a strong rebound or consolidation mode will highly possible to happen, therefore a bullish vote for C3.ai $C3.ai, Inc.(AI)$
META
Meta's recent earnings report has been impressive. The company showed strong revenue growth, driven by robust performance in its advertising business and increasing user engagement across its platforms. Meta also reported progress in its investments in virtual and augmented reality, which contributed to positive market sentiment.
Meta daily chart
From the chart above, we could see that Meta successfully rebounded near the critical neckline support at 452.12 USD. Moreover, its recent great earnings result sent the share price towards its recent high again. Once the market rebounds in short term, I strongly believe Meta $Meta Platforms, Inc.(META)$
Amazon
Recently, Amazon has made headlines with its strong quarterly earnings, driven by robust performance in its cloud computing division, Amazon Web Services (AWS), and increased sales in its e-commerce segment. The company also announced advancements in its logistics network and continued expansion into new markets. Additionally, Amazon is investing in artificial intelligence and sustainability initiatives, aiming to enhance operational efficiency and reduce its environmental impact.
Amazon daily chart
As we can observe from the chart above, Amazon experienced a triple top pattern, which was a bearish trend reversal pattern. It was followed by a bull trap breakout before the share price plummeted in recent weeks. The situation seemed worrying as Amazon gapped down significantly and even below its EMA 200 support. As long as the share price stays below EMA200, I will remain bearish on Amazon $Amazon.com(AMZN)$
Microsoft
In its latest earnings report for Q4 2024, Microsoft reported revenue of USD 56.7 billion, a 14% increase year-over-year. The company achieved a net income of USD 19.3 billion, up from USD 17.2 billion in the previous year. Growth was driven by strong performance in its cloud computing segment, Azure, which saw a 24% revenue increase. Microsoft also highlighted solid results from its productivity and business processes division, including gains from Office 365 subscriptions.
Microsoft daily chart
Similar to Amazon, Microsoft share price also failed to sustain above its mid term uptrend line support. After the release of its earnings this week, the share price slumped towards EMA 200 within one week . Anyway, 400 USD will be its near term critical support. Now, I tend to give a bullish vote for Microsoft $Microsoft(MSFT)$
How do you like AI and semiconductor stocks? Which are your top picks? Are they being mentioned above, else kindly share your favourite choice in the comments below, thanks!
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Palantir Technologies Inc. (PLTR)
Business and Industry: Palantir is a software company that specializes in data analytics and intelligence solutions. It provides software platforms for government agencies and large enterprises to analyze and interpret large volumes of data. The company operates in various industries, including government, healthcare, finance, and energy. The AI market's growth and increased investment in data analytics are favorable trends for Palantir's business.
Latest Earnings and Forecast: In Q4 2024, Palantir reported an EPS of $2.96, with a net profit margin of 34.04%. The company's earnings forecast for the future shows expected growth in EPS, gross income, and EBIT. For example, in 2027FY, the forecasted EPS is $18.02, forecasted gross income is $365.89 billion, and forecasted EBIT is $164.06 billion. These positive earnings results and forecasts indicate potential future growth for Palantir.
Recent Trends: Palantir's stock price has experienced a decline recently, falling below its EMA 50 support. However, the last candle ended with a long lower shadow, suggesting a strong buying force. This could be a bottoming sign for the stock.
Analyst Viewpoints: Analysts have provided target price estimates for Palantir. The mean target estimate is $23.274, with a low estimate of $9.0 and a high estimate of $35.0. The analyst recommendation for the stock is mixed, with 3 recommending, 3 buying, 7 holding, 3 underperforming, and 2 selling.
Capital Flow Analysis: The recent capital flow data for Palantir shows both inflows and outflows. The total inflow over the past 5 days is $25.95 million, while the total outflow is $27.70 million. This indicates some volatility in the stock's capital flow.
Microsoft Corporation (MSFT)
Business and Industry: Microsoft is a multinational technology company that develops, manufactures, licenses, supports, and sells computer software, consumer electronics, and related services. The company operates in various segments, including productivity and business processes, intelligent cloud, and more. The AI and semiconductor sectors are closely related to Microsoft's business, as the company invests in AI research and development and provides cloud computing services.
Latest Earnings and Forecast: In Q4 2024, Microsoft reported a revenue of $56.7 billion, a 14% increase year-over-year. The company achieved a net income of $19.3 billion. Growth was driven by strong performance in its cloud computing segment, Azure, which saw a 24% revenue increase. Microsoft's earnings forecast shows expected growth in EPS, gross income, and EBIT for the future.
Recent Trends: Microsoft's stock price has faced challenges in sustaining above its mid-term uptrend line support. After the release of its earnings this week, the share price slumped towards EMA 200 within one week. However, $400 is considered a critical support level in the near term.
Analyst Viewpoints: Analysts have provided target price estimates for Microsoft. The mean target estimate is $497.52152, with a low estimate of $440.0 and a high estimate of $600.0. The analyst recommendation for the stock is positive, with 21 recommending and 34 buying.
Capital Flow Analysis: The recent capital flow data for Microsoft shows both inflows and outflows. The total inflow over the past 5 days is $353.564 million, while the total outflow is $188.893 million. This indicates some volatility in the stock's capital flow.
Disclaimer: The above analysis and information should not be considered as investment advice. It is important to conduct thorough research and analysis before making any investment decisions. The stock market is subject to risks, and individual stock performance may vary.
Down with it AI