1 Artificial Intelligence (AI) Stock to Buy Hand Over Fist, and 1 to Avoid Before the 2024 Bull Market
After a disastrous performance in 2022 (the worst in the past decade), the stock market has so far made a solid recovery in 2023. The benchmark S 500 index is currently up by 27.4% from its bear market low in October 2022 and only 5% below its all-time high reached in January 2022. A bull market has not officially begun just yet (it requires a 20% increase from the bear market low and setting a new all-time high), but the current trading environment hints at one looming right around the corner.
Some of this year's market performance can be attributed to investor enthusiasm for anything related to artificial intelligence (AI), which is fueling a technological revolution thanks to recent advancements. As a potential bull market inches closer to reality, investors looking for stocks that can take advantage of the coming bull as well as AI have lots of choices. Let's look at an AI stock to buy and one to avoid.
Technology titan 's (NASDAQ: MSFT) name is synonymous with computing. Known best for its ubiquitous Windows operating system and Office productivity suite, Microsoft is now establishing itself as a force in the generative AI and cloud computing markets.
Source Fool.com
Microsoft Corp. Stock
With 100 Buy predictions and 2 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 411 € shows a slightly positive potential of 8.33% compared to the current price of 379.4 € for Microsoft Corp..
