ESTC - 1 Artificial Intelligence (AI) Growth Stock Down 44% to Buy on the Dip in March
2024-03-18 07:30:00 ET
Stocks like Nvidia , Microsoft , Amazon , and C3.ai have been the go-to choices for investors trying to capture some of the incredible value artificial intelligence (AI) is creating right now.
But the AI landscape is expanding rapidly, and a number of other companies developing the technology are still waiting to be discovered. Elastic NV (NYSE: ESTC) is one of them. Its generative AI models are transforming the way organizations and individuals search for data, and they are attracting significant demand at the moment.
Elastic stock is up more than 80% over the last 12 months, but it remains 44% below its all-time high. It could deliver plenty of value for investors going forward if its recent momentum continues. Here's why it might be time to buy.
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1 Artificial Intelligence (AI) Growth Stock Down 44% to Buy on the Dip in March