SYM - 3 Top AI Stocks Rallying Into 2024 -- Are They a Buy Now?
2023-12-15 06:20:00 ET
After a tough summer and early autumn, the stock market is rumbling again as 2023 draws to a close. Artificial intelligence (AI) stocks, and especially beaten-down small- and mid-cap stocks , are starting to heat up. Anything to do with AI is of particular interest to investors right now.
But not all AI stocks are an automatic buy. Indeed, after rallying, some AI stocks tout high valuations again, and they will need to prove they can grow into those valuations in the coming years. Here are three rallying AI stocks, and info on whether they're a buy for 2024 and beyond.
Symbotic (NASDAQ: SYM) is a supply chain infrastructure company. It sells robotics and AI software for warehouses, especially for large retailers and wholesalers, most notably for one of its big shareholders Walmart . The company is the real deal. After its mid-2022 initial public offering -- not ideal timing given the bear market last year -- revenue has risen at a fast-and-steady pace.
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3 Top AI Stocks Rallying Into 2024 -- Are They a Buy Now?