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Thoughts on the stock AI
Posted on 2/12/24 at 2:44 pm
Posted on 2/12/24 at 2:44 pm
I’m thinking long term hold. Bought some shares last week and has been good. Everyone says buy and hold but wanted the MT opinions
1
Posted on 2/12/24 at 10:39 pm to tigerbacon
A lot of flash and very little substance.
In the middle of an AI boom that is sending legitimate AI companies to all time highs and insane revenue and profit growth, AI is seeing less that 2% revenue growth over the last 3 Quarters. They’re also losing more money now than they were a year ago.
Their revenue in 2023 was up single digits and they lost nearly 40% more than they did in 2022.
In a sea of legitimate AI plays, they are mediocre at best.
In the middle of an AI boom that is sending legitimate AI companies to all time highs and insane revenue and profit growth, AI is seeing less that 2% revenue growth over the last 3 Quarters. They’re also losing more money now than they were a year ago.
Their revenue in 2023 was up single digits and they lost nearly 40% more than they did in 2022.
In a sea of legitimate AI plays, they are mediocre at best.
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