Is AI Industry Still a “Buy”?

In recent times, the tech investment landscape has seen a shift towards Artificial Intelligence (AI), moving the focus from previously dominant topics like cryptocurrencies, Web3, Blockchain, and the Metaverse. As 2023 progresses, many of the S&P 500’s gains have been linked to tech giants engaging substantially with AI.

AI’s influence has expanded across sectors, from entertainment and social media to healthcare and sports analytics. The rising attention on AI was notably spurred by ChatGPT by OpenAI, which garnered a user base of over a million in just five days, a feat taking considerably longer for giants like Facebook and Netflix. With its current user base surpassing 100 million, ChatGPT’s ascendancy has caused a reevaluation of its potential effects on professions ranging from copywriting to software development.

There’s also growing speculation regarding ChatGPT’s potential to rival Google in the search realm. While these propositions might seem ambitious, they highlight the transformative power of technology in reshaping careers over the decades.

However, the AI development landscape isn’t without challenges. The high costs, coupled with the potential end of the era of quantitative easing and increasing interest rates, pose hurdles. But with breakthroughs like ChatGPT, large blue-chip companies, having ample resources, emerge as potential frontrunners in AI investments.

Investment Opportunities to Consider:

• Microsoft: Recognized globally as a computing powerhouse, Microsoft’s collaboration with OpenAI has been strengthened by a $10 billion investment. The mutual benefits promise advancements in AI. The current stock price stands at $328.39, with a suggested entry level around $300 based on historical data.
• Nvidia: Known for its advanced chip-making abilities, Nvidia aims to meet the rising demand for deep learning chips. Its current stock price is $464.78, but a $400 entry might offer better value given its high P/E ratio.
• Alphabet: Beyond its dominance in the global search market, Alphabet’s ventures like Bard and Generative Language API underline its AI ambitions. Its current stock price is $132.45, and an entry around $120 might be more attractive.
• Tesla: Tesla’s AI ambitions extend from electric vehicles to areas like autonomous taxis and humanoid robots. Its stock is priced at $261, and entry would depend on individual risk tolerance.
• Baidu: As China’s premier search engine, Baidu is widening its AI pursuits, exploring areas like autonomous ride-hailing and AI chatbot creation. Its stock price fluctuates between $127.81 and $134.64.
• C3.ai: A newcomer offering tailored AI solutions to numerous industries, C3.ai exhibits potential for significant growth. Its stock price is $26, with an entry point suggested below $25.

Ways to Enhance AI Investment Acumen:

• Delve into the financials of the mentioned companies.
• Research recent AI industry reports.
• Study insights from established financial analysts.
• Review any regulatory filings from these companies.
• Engage with investment forums and follow authoritative news sources.
• Explore online courses or books on AI, tech investments, and financial analysis.
• Consult with financial advisors for personalized guidance.

Lastly, considering investments in Elite CurrenSea’s Portfolio Flagship managed account might complement AI investments. While AI rides on technological growth, Portfolio Flagship offers Forex & CFD trading exposure, managed by experts to minimize risks and seek consistent returns. Balancing investments between AI stocks and Portfolio Flagship could yield a diversified investment portfolio.

Safe Trading,
Team of Elite CurrenSea Team