Were Too Many AI Investors Irrationally Exuberant?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 20 2024
0mins
Should l Buy C?
Source: TipRanks
- Investments in AI Stocks:
- Investments in AI stocks surged in 2023 but have not yielded equal returns for investors in 2024.
- Buzz and trading volume around AI-related stocks have decreased significantly.
- Performance of AI Companies:
- While some AI companies are thriving, others have failed to meet investor expectations.
- Nvidia has seen significant stock value growth due to high demand for its graphics processing units.
- Struggles of Tech Companies:
- Companies like Salesforce, Snowflake, Intel, and Adobe have seen market cap declines after strong gains in 2023.
- These companies have faced challenges in meeting market expectations on the bottom line.
- Investor Sentiment:
- Investors are now more focused on the earnings story behind AI companies rather than just the AI narrative.
- Market is becoming more discerning in evaluating AI-related investments.
- Future Outlook:
- Recent declines in AI-related stocks indicate a shift towards requiring companies to demonstrate real data and profitability from their AI applications.
- Companies that can deliver on the bottom line with AI are likely to succeed, while others may continue to struggle.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
16 Analyst Rating
13 Buy
3 Hold
0 Sell
Strong Buy
Current: 111.150
Low
87.00
Averages
125.50
High
146.00
Current: 111.150
Low
87.00
Averages
125.50
High
146.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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