It turns that AI investing models can be a little patient. The iFi AI model, powered by IBM's Watsonx, was still projecting big upside for bitcoin miner Marathon Digital as of Friday morning. The stock was also near the top of iFi AI's projections for 30-day returns on screens earlier in June. The stock is down 0.3% month to date. The AI model uses a variety of inputs, including fundamental data, technical analysis and company news, to make its predictions.
Lucid Group , an electric vehicle company, has trended steadily lower since last summer and is now below $3 per share. However, it still has a market cap of more than $5 billion and reported more than $2 billion in cash and cash equivalents at the end of the first quarter. Carvana is another holdover from a recent iFi AI screen, and may indicate that last week's economic data didn't cause huge changes in the model. The online auto dealer stock is up 3.
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