AI Stock Down 40% but Recommended to Buy by Wall Street

Reported about 1 year ago

While popular AI stocks like Nvidia and Microsoft are well-known, opportunities in the AI industry expand beyond these names. Elastic N.V. offers AI software tools for businesses, showing promise with high-spending enterprises driving revenue growth despite its current 40% below all-time high stock price. Wall Street analysts recommend buying Elastic stock, emphasizing its AI-powered search tools catered to businesses of all sizes and accelerating revenue growth driven by high-spending customers.

Source: YAHOO

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