With artificial intelligence (AI) predicted to make operations more efficient and cost-effective, companies (especially big tech) have been putting their wallets toward the cause, and investors have been following suit, hoping to get in relatively early on the next big thing.
For a while, it was smooth sailing and skyrocketing valuations, but this year has been rocky for many big tech and AI-focused companies. One company in particular, has had a lackluster year, down over 6% year to date through June 27.
This stock’s falling stock price isn’t ideal for current investors, but it has put the stock in bargain territory that’s making it harder to ignore. When it comes to AI stocks, it’s undoubtedly one of the best bargains on the market.
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