Dorado_Crypto

Best AI stock for 2023 πŸ€–

NYSE:AI   C3.ai, Inc.
Recently, everyone is talking about AI.
So which companies to buy and is it worth it now?
At the moment, leader among commercial implementation of artificial intelligence is a non-public company OpenAi.
Microsoft ( MSFT ) has made a big contribution to development of OpenAi - therefore its a direct beneficiary of spread of GPT chat.

πŸ“± The rest of Big Tech shares: NVDIA, Tesla, Meta - also have a direct participation in development and popularization of AI.
That is, now AI is about the growth of Big Tech shares, which have already grown by + 50+70% since the beginning of this year!
It's a lot.
For example, Apple is generally ~4-5% of its historical maximum 😱

In context of incoming data, we see that conditions in world's economies are destroying, which means that IT sector will not be able to pull market for a long time and will go into correction. Sp500 will also go down accordingly.
And this means that the hype around AI will soon cool down ♨️

But, we would like to highlight one company that will be interesting in the medium term.
She is engaged in development and training of AI.
βž– Of the minuses, the company has no profit.
Strongly overbought by P/S ~12 (up 200% YtD).

βž• The company has no debt.
There is a very promising direction.
There is a revenue of $266 million.
Huge stock volumes starting in 2023 πŸ“Š

The next report will be June 1st.
If the company makes a profit, there is a chance to grow by +50%, but then the stock will fall.

❇️ Ticker: AI

✳️ Buy limit orders: $25, $20, $17
πŸ“ˆ Growth potential: up to 200% by the end of the year.
πŸ“‰ Downside potential: up minus 50% by the end of summer.

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