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It was a volatile month for stocks.
Yet the AI Profit Predictor has already closed 2 trades for 100% gains. Plus, a 3rd trade for 61%.
It’s possible – thanks to predictive artificial intelligence.
Simply go here for details – and see how it works.
It was a rough November for the Nasdaq and America’s big tech stocks.
Here’s why there’s been a short-term pullback.
First, Michael Burry of The Big Short fame shorted Palantir and Nvidia. He then claimed that big tech companies are using accounting tricks to inflate their profits.
Companies always depreciate their capital spending over several years. This is normal accounting and not a trick to inflate profits. Burry has been bearish for the last 15 years. So, his negativity should be taken with a grain of salt.
Second, CoreWeave announced a delay on the buildout of an AI data center. That will hurt revenue for the next two quarters.
This delay is due to vendors who are building out the site. This isn’t a reflection of low demand or underlying problems at the company. It’s simply doing to delay sales.
Third, Softbank is selling its entire stake in Nvidia.
Softbank agreed to invest $22.5 billion in OpenAI. The sale of Nvidia shares doesn’t reflect negativity toward AI. Instead, the Japanese investment firm is moving its investment from Nvidia and betting on OpenAI.
Tech stocks bounced back on Friday.
IMO this is not the bursting of an artificial intelligence bubble. It’s a temporary pullback – and a chance to “buy the dip.”
So, where are these stocks going next week?
My new AI Profit Predictor spotted 3 potential trades for November 17.
Simply go here for details and get the trades.
Ian Wyatt