These 2 Popular AI Stocks Have Been On Fire -- Here's Why I'm Not Buying Either
The hype around artificial intelligence (AI) stocks has reached a fever pitch.
After start-up OpenAI released its chatbot called ChatGPT to the world late last year, a new boom in AI investments began to take hold. Companies like Microsoft are leading the charge to try and build up these new tools, investing $10 billion into OpenAI and forming a partnership for consumer AI tools. Wall Street has taken notice, sending stocks up over 100% this year just because they are associated with AI.
While you might think now is the time to hop onto the AI investment train and make some short-term wealth, investing in new technologies is dangerous and extremely risky. Here are two popular AI stocks I'm holding off on buying for now.
Source Fool.com
Microsoft Corp. Stock
€377.85
1.860%
The stock is one of the favorites of our community with 100 Buy predictions and 2 Sell predictions.
With a target price of 404 € there is a slightly positive potential of 6.92% for Microsoft Corp. compared to the current price of 377.85 €.
