This Stock Is Up 114% This Year. Here's Why It Could Keep Climbing (Hint: It's not AI).
This is the year of artificial intelligence (AI) on the stock market as a number of AI stocks have skyrocketed so far in 2023 on excitement over ChatGPT and generative AI. But not every big winner has to do with the technology.
Take XPO (NYSE: XPO), the less-than-truckload (LTL) transportation company that became a pure play in that sector following the spinoff of GXO Logistics, its former contract logistics arm, and RXO, its former truck brokerage division.
Following a pop on its earnings report on Friday, the stock is now up 114% year to date, and essentially all of those gains have come over the last three months.
Source Fool.com