'Crappy companies': Veteran names 3 AI-linked stocks to short right now as the market gets frothy

  • 📰 CNBC
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Some small-cap artificial intelligence plays are 'dangerous,' Paul Meeks says, sharing with CNBC Pro his 'contrarian AI investment thesis.'

Many on Wall Street have been asking themselves whether markets are getting too euphoric — and if there's a bubble waiting to burst. The S & P 500 notched an all-time closing high earlier this month, and although it was down last week the Wall Street index is still up more than 9% so far this year. The Nasdaq Composite has also jumped more than 9% year-to-date.

's disappointing quarterly guidance announced last night was further proof of "where's the revenue growth in AI?" "I'm looking for more stocks to short based on my contrarian AI investment thesis," he said.Outperforming fund manager says this software stock is set to be a 'serious player' in a corner of AI, gives it nearly 60% upside

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines