From Nasdaq Inc.:



The article warns that the valuations for many stocks, especially growth stocks, have been rising sharply this year and could be due for a correction in 2024. Three stocks, Riot Platforms, C3.ai, and Tesla, are highlighted as potential candidates for running out of steam next year. Riot Platforms is heavily dependent on the value of Bitcoin, which is volatile, and may face a decrease in stock value in the near future. C3.ai has not shown significant growth in its revenue and may have already peaked, making it a risky AI stock. Tesla, while a favorite for long-term growth investors, could slow down or even fall in value due to challenges such as unprofitable product launches and declining margins. The article recommends caution and careful consideration before investing in these stocks, and suggests exploring other investment opportunities with greater potential for future returns.



Original: 3 Red-Hot Growth Stocks That Have Doubled This Year But Could Run Out of Steam in 2024