This little-known AI stock is going through the roof!
Today I would like to present you with an AI stock (AI = Artificial Intelligence) that you probably don’t know, but which has the potential to outperform Nvidia. The recent fantastic quarterly figures have once again impressively proven this.
40 to 45% of this company’s revenue is dependent on the so-called cloud and AI titans (Amazon, Microsoft, Meta, Alphabet, Apple, Oracle). If business there doesn’t run smoothly (as was recently the case with Meta), this could also have disadvantages for this company.
But: the management of our AI value is clever, the outlook is always conservative. That the company stumbles with the results is therefore not very likely. The stock market nevertheless had fear of this. The prices fell back to the July level beforehand. Justifiably?
Fantastic quarterly figures and another price jump No! Because the company could once again shine with phenomenal figures: sales growth +28% compared to the previous year, earnings per share 1.83 USD (1.58 USD were expected) – an increase of 46% compared to the previous year, gross margin at a very strong 62%!
Even better was the outlook. Revenue growth for the fiscal year is now expected to be 33% (previously 25%), and the gross margin is expected to rise to 63%. The prospects remain very good. This also means that the stock’s valuation with a 2024 P/E ratio of currently 26 is still far from exhausted.
Daily chart (Source: stockcharts.com):
Price jump after figures directly to new all-time highs
And so to the chart technique for this value. The stock’s uptrend has been exemplary for years. Every setback to the short-term trending 50-day line (currently at 188 USD) in the past was an ideal entry level.
It was the same this time. The short „skid“ at the end of October was immediately countered with a jump to new all-time highs by the brilliant figures. The stock rose by +20% in just one week!
That means: latecomers currently don’t find the desired bargain prices, but they could be patient with a limit at around 190 USD. Invested investors simply stay with it.
Long-term chart (Source: stockcharts.com): An absolute winner!
Why should you invest here at all? Quite simply: the stock has more than quadrupled in the past four years alone (yielding a profit of well over +500%). And there is no end or even a weakening of the rally in sight.
This is exactly the kind of value we love in Börsendienst Voigts Global Profits!
New all-time highs are created here almost monthly. An uptrend with relatively low fluctuations that is still intact – what more could you want as an investor in this volatile stock market phase?
Here you will find the stock and all data And where can you find out which stock I’m talking about? In my Börsendienst Voigts Global Profits! There we have even more of these pearls in our three model portfolios! Only there am I allowed to give you specific investment recommendations.