2 Overhyped Artificial Intelligence (AI) Stocks to Sell in 2024
The technology-heavy Nasdaq Index has risen an impressive 43% year to date. Much of that came from investor optimism in artificial intelligence (AI), which is already boosting growth for many companies. But even though a rising tide can lift all boats, some of these stocks don't deserve their inflated valuations. Let's discuss why C3.ai (NYSE: AI) and Arm Holdings (NASDAQ: ARM) might underperform in 2024.
With shares up by a whopping 183% year to date, C3.ai was a fantastic investment for those who got in at the start of 2023. But this doesn't overshadow the company's weak fundamentals. Despite its name, C3.ai remains a poor way to bet on the AI opportunity because of its relentless cash burn and lackluster growth.
Founded in 2009, software company C3.ai offers enterprise software in a variety of industries. According to the company website, its turnkey systems have been for tasks ranging from predicting system failure in military aircraft to optimizing industrial plant management. But while the business has a slew of big-name clients (including and the U.S. Air Force), operational results leave much to be desired.
Source Fool.com
Royal Dutch Shell B Stock
The community is currently still undecided about Royal Dutch Shell B with 1 Buy predictions and 0 Sell predictions.
As a result the target price of 24 € shows a slightly positive potential of 6.43% compared to the current price of 22.55 € for Royal Dutch Shell B.
