Artificial intelligence is a raging buzzword and is launching select stocks to new heights. Some have seen their run already and others are still coiling up to launch. One of the most talked about stocks in the AI craze has been Microsoft, but not necessarily for the reasons MSFT would like. The thing is, that actually creates a unique opportunity.
Take a look at the chart:
A couple of our experts have pointed out that the debut of MSFT’s Bing AI tool where the technology essentially said it wanted to take over the world immediately pushed the stock down. (Keith Harwood walked us through it here) But those following the media these days can often have sever short term memory. And, it is unlikely the egg they got on their digital face will change their course from going after Google with an aggressive search market strategy. That leaves us with a solid stock that has been pushed down below it’s true value and has created a potential bargain.
In just a few days after the embarrassing incident, the stock rebounded and has stayed above its 10 day moving average. This could be a solid opportunity to grab an AI trade at a discount.
Ian Cooper has put together a solid set of technical signs that reveal when media frenzy has created a buy opportunity in a stock. He is going to be walking through his picks for the best AI trades he has spotted tomorrow in a revealing webinar. You can sign up here and make sure you get your hands on the trades he is looking at.
Keep learning and trade wisely,
John Boyer
Editor
Market Wealth Daily
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