TSMC is too good a business to be this cheap despite ongoing geopolitical risks from China. Tesla could be a powerful AI company in the future. However, the companies already leading in AI might be better buys instead. The problem is that time hasn't come yet.
OpenAI is reportedly stepping into the humanoid robot game. The ChatGPT maker is considering building human-like robots which could be a major coup in artificial intelligence-powered robotics. However,
Most Wall Street analysts see substantial downside in shares of Tesla and Palantir, and a few even recommend selling the stocks right now. Tesla reported encouraging financial results in the third quarter and the company has an important catalyst in autonomous driving technology,
Dan Crowley from Nightview Capital explained his bull case thesis for Tesla during a program on Schwab Network:
It’s also possible, in Wedbush’s view, that in the event of China tariffs, the Trump administration creates carve-outs to shield Tesla from repercussions. “We believe Tesla remains the most undervalued AI play in the market today,” Ives said.
Tesla faces challenges, but its stock remains inflated. See why TSLA stock's valuation is unsustainable and relies on unrealistic future growth assumptions.
Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million a year. For comparison, Anthropic is reportedly on pace to generate $1 billion in revenue this year, and OpenAI is targeting $4 billion by the end of 2024.
Tesla, Inc.'s stock has surged recently after solid Q3 results and Donald Trump's re-election. Click here to read an analysis of TSLA stock now.
Wedbush is hyped about Tesla's accelerated plans for projects like the Cybercab, alongside stabilizing delivery demand from China, which has been a cornerstone of its growth. Even Truist Securities joined the party,
Tesla shares hit a record high for the fifth day in a row on Tuesday, boosted by bullish price target upgrades from two Wall Street firms.
It didn’t take long to figure out how he wanted to play the trend.“Whenever you look at AI, it’s like, all the roads lead to Nvidia,” said MacGillivray, who’s spent thousands of dollars on shares this year from his home in Michigan.