From Nasdaq: 2024-04-10 06:54:00

Major stock market gains in 2023 were largely fueled by excitement surrounding artificial intelligence (AI) breakthroughs. The Nasdaq Composite surged 43%, with the “Magnificent Seven” tech stocks leading the charge. Although Tesla saw a decline, its progress in AI is often overlooked amidst cooling EV demand. Investors should consider Tesla’s long-term potential beyond just car sales. With $29 billion in cash on hand, Tesla is exploring opportunities outside of EV production, such as robotics and autonomous driving. The company’s early investments in AI technologies like humanoid robots and self-driving capabilities could potentially disrupt multiple industries and offer significant long-term growth opportunities. This makes Tesla an intriguing investment option for those looking to capitalize on the AI revolution.



Read more at Nasdaq: A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Stock to Buy Now and Hold Forever This April