Are you looking to invest in artificial intelligence stocks but want to avoid those that have potentially run too far too fast? Well, you’re not alone. Billionaire investors like Stanley Druckenmiller and Brad Gerstner have recently trimmed their stakes in Nvidia, citing concerns that the stock may be overhyped in the short term.
At Extreme Investor Network, we understand the importance of finding AI companies with strong growth potential but at reasonable valuations. That’s why we’ve conducted our own research to identify other AI-related stocks that may be susceptible to profit-taking.
In addition to Nvidia, some other chipmaking stocks that have seen significant gains since the beginning of the bull market in 2023 include Advanced Micro Devices, Micron Technology, Arm Holdings, Broadcom, Super Micro Computer, Arista Networks, Applied Materials, and KLA Corporation.
For example, shares of Micron Technology are currently trading at a whopping 149 times earnings, a significant premium compared to its five-year average of about 19 times. Meanwhile, Super Micro Computer has experienced a remarkable run, with shares soaring 493% over the past year alone.
If you’re interested in investing in AI stocks but want to make informed decisions, be sure to check out our website for more in-depth analysis and recommendations. Don’t miss out on the latest trends in the world of investing – join the Extreme Investor Network today!
