Buying the dip in artificial intelligence stocks

A new AI trading algorithm can accurately predict big moves for the stock market.

Plus, it’s spotting trades with 124.2% average gains.

So, what is it predicting for the S&P 500 and NASDAQ for November and December?

Go here to get my newest AI market prediction.

The stock market selloff last week was led by the biggest Artificial Intelligence stocks.

Investors got spooked for several reasons.

First, Michael Burry of “The Big Short” filed a 13F with the SEC. It showed a 5 million share short position in Palantir (NASDAQ: PLTR) and a 1 million share short position in Nvidia (NASDAQ: NVDA).

Second, Sam Altman was on a podcast with Brad Gerstner. Brad asked how OpenAI can commit to spending $1.4 trillion on AI datacenters – when the company’s sales are just $13 billion. Altman’s response was incredibly defensive and aggressive. And it was a pretty bad look for OpenAI.

Third, OpenAI’s CFO said that the U.S. government should provide a federal “backstop” for the financing of AI data center projects. That’s not what she meant to say. However, combined with Altman interview – it suggested that OpenAI might need help funding its capital spending plans.

On Monday the market was roaring back – with the S&P up 1.5% and the Nasdaq adding 2%.

The reversal was sparked by positive news in Washington. The U.S. Senate passed a spending bill – paving the way for the re-opening of the federal government.

I continue to look for opportunities to “buy the dip” in this market.

The AI revolution remains on track. Economic growth is accelerating. And corporate profits are growing. That’s all good news for stocks.

My team created a new AI algorithm that can accurately predict the price of major ETFs like the S&P and Nasdaq.

Plus, it finds individual stock trades and is delivering 124.2% average gains per trade.

Here’s the link so you can check it out.

Ian