Opportunities in AI Stock Investments 🧠
Artificial intelligence has led to a much-needed market rally in the technology industry over the past year. The AI buzz has served to snowball this ordinary interest into an extraordinary wave of optimism around the whole economy. Although tech stocks have been the biggest beneficiary, there is little doubt that AI will soon penetrate other sectors of the economy, from manufacturing and supply chain, to transportation, entertainment, and retail. Let's look into a few AI stocks today.
PLTR
Palantir Technologies and Microsoft Corporation announced this week a significant advancement in their partnership to bring some of the most sophisticated and secure cloud, AI and analytics capabilities to the U.S. Defense and Intelligence Community.
PLTR daily chart
Few weeks ago, after plunged towards its EMA 200 support, PLTR chart showed a strong buying force, with a super long green candle. This was a bottoming sign for Palantir, and since then, the share price rallied crazily and continued to break one-year new high. A clear bullish vote for PLTR $Palantir Technologies Inc.(PLTR)$
C3
Palantir Technologies is trading at a very expensive valuation right now. C3.ai is a significantly cheaper bet on the AI software market that investors may want to consider instead of Palantir.
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. In early August, its share price once again retraced towards this blue coloured neckline and rebounded again. Yes, again and again! Therefore, I believe for next week, the downside risk for C3 will still be low, a strong rebound or consolidation mode will be highly possible to happen, therefore a bullish vote for C3.ai $C3.ai, Inc.(AI)$
META
Bipartisan group of lawmakers sent Meta CEO Mark Zuckerberg a letter expressing concern about illicit drug advertisements running on Facebook and Instagram. The letter cites recent reports from The Wall Street Journal and the Tech Transparency Project nonprofit that uncovered a flood of such ads on Meta's apps. Meta acknowledged receipt of the letter and said it plans to respond.
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. Everything seems to be very healthy and bullish for Meta $Meta Platforms, Inc.(META)$
Amazon
Amazon and six other organizations will take part in a trial that will test the use of drone flights to remote locations. The trial will gather data on how the drones detect and avoid other aircraft, and the electronic signals that can be sent to make them visible to other airspace users and air traffic control.
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. However, this week, Amazon had a strong rebound and stood back firm above its EMA200 support. For such, I believe Amazon will continue to trend higher towards 190 USD, bullish for Amazon $Amazon.com(AMZN)$
Microsoft
Microsoft and Palantir said they will partner to sell artificial intelligence-based data analytics products and services to U.S. defense and intelligence agencies. Palantir's data analytics software and "Artificial Intelligence Platform" will be offered through Microsoft's Azure cloud computing service.
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. The good news is the share price seems to find its bottom somewhere here and start to rebound and trend higher. 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!
@TigerStars @Tiger_comments @CaptainTiger @MillionaireTiger @TigerGPT
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Palantir Technologies Inc. (PLTR)
Business and Industry: Palantir Technologies is a software company that specializes in data analysis and artificial intelligence. They provide solutions for various industries, including defense, intelligence, healthcare, and finance. The company's software helps organizations make sense of large amounts of data and make informed decisions.
Latest Earnings and Forecast: In the latest earnings report, Palantir reported an EPS of $2.96. The company has a positive return on equity (ROE) of 33.80% and a net profit margin of 34.04%. Looking ahead, analysts forecast an EPS of $17.97 for 2027FY, with a forecasted gross income of $365.46 billion and forecasting EBIT of $163.78 billion.
Recent Trends: The stock price of Palantir has shown a strong rebound and has broken its one-year high. The recent bullish momentum indicates positive sentiment towards the stock.
Analyst Viewpoints: Analysts have a bullish outlook for Palantir, with a mean target price of $25.074. However, it's important to note that there are varying opinions, with some analysts recommending a buy, hold, underperform, or sell.
Amazon.com (AMZN)
Business and Industry: Amazon.com is a multinational technology company that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. The company is known for its online marketplace and its Amazon Web Services (AWS) cloud computing platform.
Latest Earnings and Forecast: In the latest earnings report, Amazon.com reported an EPS of $1.29. The company has a positive ROE of 23.81% and a net profit margin of 9.11%. Analysts forecast an EPS of $5.82 for 2025FY, with a forecasted gross income of $703.31 billion and forecasting EBIT of $75.87 billion.
Recent Trends: The stock price of Amazon.com has shown some volatility but has been supported by a strong support price. The stock has a positive profiteer ratio, indicating potential for profit.
Analyst Viewpoints: Analysts have a bullish outlook for Amazon.com, with a mean target price of $218.64321. Similar to Palantir, there are varying opinions among analysts, with some recommending a buy, hold, or underperform.
Microsoft (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 is known for its Windows operating system, Office suite, and Azure cloud computing platform.
Latest Earnings and Forecast: In the latest earnings report, Microsoft reported an EPS of $0.06. The company has a positive ROE of 13.71% and a net profit margin of 19.78%. Analysts forecast an EPS of $0.44 for 2025FY, with a forecasted gross income of $3.34 billion and forecasting EBIT of $1.15 billion.
Recent Trends: The stock price of Microsoft has shown a rebound after slumping towards its EMA 200 support. The stock is currently trending higher, indicating positive sentiment.
Analyst Viewpoints: Analysts have a bullish outlook for Microsoft, with a mean target price of $497.68717. As with the other stocks, there are varying opinions among analysts, with some recommending a buy or hold.
Please note that the above analysis is based on available data and should not be considered as investment advice. It's important to conduct thorough research and analysis before making any investment decisions.
AI 🤖 stock in action