The golden age of Artificial Intelligence and the FANG stocks
"AI is an amazing renaissance" says Jeff Bezos.
And this is because behind the scenes Artificial Intelligence has been proving very useful across several industries. It helps
GOOG
to provide better searches. It is the backbone of
TSLA
's autonomous driving. AI is the reason -to some degree- why these stocks has been rising in the last years.
In this analysis I recommend the FANG (Facebook, Amazon, Nvidia and Google) combo stocks, given that all of them have collected large amounts of data -read "AI fuel"- over the last years.
The FANG/4 chart shows a resistance around 920 and a long-term support at 665. Aggressive investors may jump in the market right now and benefit from a possible break-out of the 920 resistance. Conservative investors should wait until a real break-out is visible or even wait for the possibility of a melt down to the long-term support at 665 or in between around 790.
I expect the price to travel around the yellow polygon in the next years.
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"AI is in a golden age" - Jeff Bezos
And this is because behind the scenes Artificial Intelligence has been proving very useful across several industries. It helps
GOOG
to provide better searches. It is the backbone of
TSLA
's autonomous driving. AI is the reason -to some degree- why these stocks has been rising in the last years. In this analysis I recommend the FANG (Facebook, Amazon, Nvidia and Google) combo stocks, given that all of them have collected large amounts of data -read "AI fuel"- over the last years.
The FANG/4 chart shows a resistance around 920 and a long-term support at 665. Aggressive investors may jump in the market right now and benefit from a possible break-out of the 920 resistance. Conservative investors should wait until a real break-out is visible or even wait for the possibility of a melt down to the long-term support at 665 or in between around 790.
I expect the price to travel around the yellow polygon in the next years.
---
"AI is in a golden age" - Jeff Bezos
