Posted 3/1/2024, 12:35:00 PM
AI Stock Frenzy Raising Valuations; Smart Investors Urged Caution on Crowded Names, Await Better Entry Points
- Many AI and tech stocks are overvalued right now; don't assume every company mentioning AI is a good investment
- Meta and Tesla are leading the race to achieve artificial general intelligence (AGI)
- Autodesk, Cloudflare, Intel, and Taiwan Semiconductor are other potential AI winners
- Most AI and semiconductor stocks are crowded trades currently; there may be better entry points
- Remain invested in top AI innovators like Nvidia and Alphabet but don't overpay for bubbled-up valuations