3 Artificial Intelligence (AI) Stocks I’d Buy Without Hesitation in a Market Crash
Key PointsSpaceX and CoreWeave are seeing strong demand for their AI services, but the market may have already priced in much of that.
Three AI stocks the reporter would purchase during a market downturn are Space Exploration Technologies (SPCX), Tesla (TSLA), and CoreWeave (CRWV). The company SpaceX, now known as Space Exploration Technologies, has seen significant success in its Super Intelligence (SI) division, which has become a major revenue driver, accounting for over half of SpaceX's revenue.
However, the stock is currently trading at a premium, at 50.8x forward earnings, so the reporter would only consider buying it at a 25% discount. CoreWeave, a neocloud company, has also experienced booming demand for its AI services, with revenue rising 112.5% year over year. The company has raised significant funds, but its mounting debt and customer concentration present risks, so the reporter would only be comfortable investing if the stock dipped by 15-20%.
Lastly, Tesla is an AI-focused company, with projects such as self-driving vehicles and humanoid robots. While there is uncertainty surrounding Tesla's future, the reporter believes it could still perform well in the long run and is willing to buy the stock at a much lower price point of 163.2x forward earnings.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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