1 Artificial Intelligence (AI) Stock Down 67% That Could Get Slashed In Half Again
Artificial intelligence (AI) is creating a substantial amount of value for investors right now. It helped catapult Nvidia from a market cap of around $360 billion to more than $3.3 trillion over the past 18 months alone, and it continues to propel shares of Microsoft and Amazon higher, as well as many others.
But jumping onto the AI bandwagon isn't a silver bullet for organizations facing deeper challenges. Snowflake (NYSE: SNOW) is a prime example: Though it's in a fantastic position to build AI products and services, its underlying business continues to struggle with slowing revenue growth and sizable financial losses.
In fact, while Snowflake stock is down 67% from its all-time high, a further 50% drop from its current price isn't out of the question.
Source Fool.com
Microsoft Corp. Stock
With 112 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 424 € shows a slightly positive potential of 12.9% compared to the current price of 375.55 € for Microsoft Corp..
