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Saturday, December 9, 2023

We should mention the best AI stocks, don’t we?

Artificial Intelligence has changed the world in dramatic ways. Artificial Intelligence is often referred to as AI. Best AI stocks and the rapidly growing field of Artificial Intelligence are attracting investors.

What should you know about investing in artificial intelligence?

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You can refer to this article for guidance. AI development and related services are offered by many companies around the world. However, there are not many best AI stocks available.

Over the past few decades, technology has advanced rapidly. In that sense, portfolio analysis has become more challenging than ever before. Particularly when it comes to tech stocks, rational analysis is key. In this regard, the best AI stocks make a wonderful addition to a portfolio.

Elon Musk, CEO of Tesla, once predicted that artificial intelligence would eventually surpass humans in any game. As a result, thousands of jobs would be lost, including telemarketing, bookkeeping, receptionists, couriers, and proofreaders.

The best AI stocks will benefit from the company’s growth.

NVIDIA Corporation (NVDA)’s stock price was $278.01 at the previous market close, with its latest volume reaching 46.18 million. Compare that to its average daily volume of 40.32M. Given the fact that this stock has 2.50B shares outstanding, its current market value is sitting at $277.19.

Wall Street analysts track the NVIDIA Corporation (NASDAQ: NVDA) stock on daily basis. Out of 43 analysts, 30 deemed the stock a Buy, and 5 gave it a rating of OVERWEIGHT. Another 5 recommended that NVDA is a HOLD, while 1 rated it UNDERWEIGHT and the 2 recommended SELL. If we look at the broader picture, the above ratings give the stock an average analyst rating of 2.00.

International Business Machines Corporation (NYSE: IBM) is currently trading at around $127.06, a price level that means its value has jumped 13.35% higher than its 52-week low. In intraday trading, IBM shares have hit a high of $127.20 and a low of $124.70. The last 52 weeks have seen the company’s shares touched a high of $145.99 and a low of $112.10, while the recent trading session has witnessed an intraday change of just -0.27%.

According to WSJ, International Business Machines Corporation (NYSE: IBM) obtained an estimated Hold proposal from the 18 brokerage firms currently keeping a deep eye on the stock performance as compared to its rivals. 1 equity research analyst rated the shares with a selling strategy, 12 gave a holding approach, 5 gave a purchase tip, 0 gave the firm overweight advice, and 0 put the stock under the underweight category. The average price goal of one year between several banks and credit unions that last year discussed the stock is $142.07.

Micron Technology Inc. (NASDAQ: MU) does about 18.27M shares in volume on a normal day but saw 22.35 million shares change hands in Monday trading. The company now has a market cap of $91.54 billion. Its current market price is $82.03, marking a decrease of -1.17% compared to the previous close of $83.00. The 52 week high reached by this stock is $96.96 whilst the lowest price level in 52 weeks is $65.67. The script in recent trading has seen the stock touched a high of $83.25 and a low of $80.91.

Out of a total of 36 brokerages that are currently covering Micron Technology Inc. (MU) stock, the average recommendation is “Overweight” according to WSJ. 1 equities research analyst has rated the stock with an “Overweight” recommendation, 27 analysts have given this stock a “Buy” recommendation, 6 analysts have recommended that investors “Hold” this stock, and 1 analyst have given this stock a “Sell” rating and 1 suggested “Underweight”. Analysts’ average 1-year price target, among all the brokerages, is $100.87.

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