Forex Bots, Can They Dream?

Forex Bots, Can They Dream?

image

In recent times, the investment spotlight has shifted towards Artificial Intelligence (AI), signaling a fresh theme in the tech investment landscape.

This transition occurs as prior buzz around disruptive technologies, cryptocurrencies, Web3, Blockchain, and the Metaverse takes a backseat, giving way to the burgeoning AI sector.

As 2023 unfolds, a notable portion of the S&P 500's gains are attributed to a handful of tech giants, suggesting a significant engagement with AI technologies.

Unlike its predecessors, AI has already permeated various industries including entertainment, social media, retail, sports analytics, healthcare, and many more, showcasing its practical utility and broad spectrum of applications.

The investment catalyst in the AI realm emerged with the advent of ChatGPT by OpenAI, which amassed a user base of over a million within a mere five days—a milestone that took Facebook and Netflix considerably longer to achieve.

Now boasting over 100 million users, ChatGPT's rapid ascension has prompted investors to reevaluate its potential impact on various professions, from copywriting and accounting to software development.

The ripple effect of ChatGPT's success extends to speculation around its potential to challenge the behemoth Google in the search domain. While such propositions might seem overzealous, they underscore the rapid technological evolution witnessed over the past decades, and the consequent transformation in career landscapes.

With rising interest rates and the fading era of quantitative easing, the high cost of AI development presents a challenge.

Yet, the breakthroughs like ChatGPT underscore the potential rewards, making large blue-chip companies, with their substantial resources, the likely frontrunners in the AI investment race.

Top 6 Bets That May Still Be Worth Your While

  1. Microsoft: A longstanding global computing powerhouse with a robust alliance with OpenAI, significantly bolstered by a $10 billion investment, paving the way for mutual benefits in AI advancements.
    1. Current Price: $328.391.
    2. Entry Level: A dip towards $300 could provide a more favorable entry point given historical performance.
    3. Exit Level: This could be a long-term hold given Microsoft's diversified business; any significant dips due to market-wide corrections could be buying opportunities.
  2. Nvidia: Renowned for its cutting-edge chipmaking, Nvidia is poised to cater to the growing demand for deep learning chips, backed by a solid market position and high entry barriers.
    1. Current Price: $464.782.
    2. Entry Level: Given the high P/E ratio, an entry around $400 might provide better value.
    3. Exit Level: Long-term hold; Nvidia is positioned well in the growing AI and gaming market.
  3. Alphabet: Despite a dominant global search market share, Alphabet's continuous AI endeavors, including Bard and Generative Language API, hint at its ambition to remain at the forefront of AI innovation.
    1. Current Price: $132.453.
    2. Entry Level: Around $120 could be a more attractive entry point based on historical price movements.
    3. Exit Level: Long-term hold given its dominance in search and advertising, alongside growing ventures like Waymo and Google Cloud.
      • Bill Ackman is also Long on Alphabet since it’s dip in the beginning of the year
  4. Tesla: A trailblazer in electric vehicles (EV), Tesla's AI-driven aspirations stretch beyond automobiles into realms like autonomous taxi services and humanoid robotics.
    1. Current Price: $261
    2. Entry Level: This would depend on one's risk tolerance given Tesla’s volatility and the speculative nature of its future ventures.
    3. Exit Level: Long-term hold if you believe in Tesla's vision; else, set a price target based on your investment thesis.
  5. Baidu: China's search giant, expanding its AI horizon through autonomous ride-hailing services and AI chatbot development, despite some regulatory headwinds.
    1. Current Price: Ranges from $127.81 to $134.64 based on multiple sources456.
    2. Entry Level: Around $120 could provide a good entry given historical support levels.
    3. Exit Level: A long-term hold if you believe in Baidu's AI and autonomous driving ventures.
  6. C3.ai: An emerging player offering bespoke AI solutions to an array of industries, demonstrating potential for substantial growth amidst the rising AI investment wave.
    1. Current Price: $26
    2. Entry Level: Below $25 considering the recent price actions and historical lows.
    3. Exit Level: This is more speculative due to its smaller market cap and growth stage; a price target could be set based on future revenue/earnings projections.

Get Better a Identifying Next AI Moves

For a more informed investment decision, it's crucial to delve deeper into the financial and strategic aspects of the mentioned companies. Here are some recommendations for further reading and analysis:

  1. Company Financials: Explore the latest financial statements, quarterly reports, and investor presentations of the listed companies to understand their financial health, growth trajectory, and strategic direction.
  2. Industry Reports: Look for recent industry reports on the AI sector to grasp the broader market trends, challenges, and growth drivers.
  3. Analyst Reports: Seek insights from reputable financial analysts who may provide stock ratings, price targets, and in-depth analysis on the companies of interest.
  4. Regulatory Filings: Examine any recent regulatory filings by these companies to understand any legal or regulatory considerations that might affect their business operations or stock performance.
  5. Investment Forums and News Outlets: Engage with investment forums, and follow reputable news outlets covering the tech and AI sector for real-time updates and diverse perspectives.
  6. Online Courses or Books: Consider exploring online courses or books on AI, tech investments, and financial analysis to build a stronger foundational understanding of these domains.
  7. Consultation with Financial Advisors: If possible, consult with financial advisors who can provide personalized advice based on your financial situation and investment goals.

Investing in Elite CurrenSea's Portfolio Flagship managed account can be an alternative or complement to investing in AI companies. Portfolio Flagship utilizes bespoke software and market analysis to exploit financial market inefficiencies, diversifying investment strategies.

While AI investments ride on technological advancements, Portfolio Flagship offers exposure to Forex & CFD trading, which is managed by financial experts to mitigate risks and seek consistent returns.

By allocating funds between AI stocks and Portfolio Flagship, investors might achieve a balanced portfolio, leveraging both tech innovation and financial market dynamics.

Safe Trading

Team of Elite CurrenSea