From Nasdaq:

AI stocks have seen high growth and popularity in 2023. However, OpenAI CEO Sam Altman warns against unrealistic expectations. AI could impact up to 40% of jobs globally, but Altman remains skeptical of these forecasts and concerns about potential disappointment among investors. Despite these concerns, Microsoft, Palantir Technologies, and C3.ai have seen significant increase in stock value.

With Microsoft trading at 39 times its trailing earnings and Palantir Technologies and C3.ai experiencing little growth, investors should manage expectations about AI. Analysts urge investors to focus on financials and actual growth rather than simply buying into the hype. In the AI gold rush, smart investors will focus on facts rather than speculation.



Read more: Sam Altman Has a Warning for AI Investors