How to Buy X AI Corp Stock? Symbol & Price 2024

There is currently no way to buy xAI stock, as the company is a startup and not listed on the stock market. However, there are a couple of methods you could use to gain exposure to xAI without buying its stock. Explore the potential Starlink IPO as Elon Musk hints at a future offering, transforming satellite sap commerce cloud internet and attracting global investors. These tech giants offer accessible investment opportunities in the dynamic field of AI. Investors can engage with them through established, regulated brokers, such as eToro, to diversify their portfolios in a sector with significant growth potential.

  1. These companies provide an opportunity to invest in the dynamic AI industry, demonstrating the diverse investment avenues available in this rapidly advancing technological field.
  2. AI appears to have a bright future ahead of itself, but nobody can know for sure how technology and business cycles will evolve in the months and years to come.
  3. Clients were able to navigate through the financial crisis.
  4. As an AI startup, xAI benefits significantly from the enormous appetite of the market for breakthroughs in artificial intelligence.

Investors can access their stocks through reliable brokers like eToro, providing a gateway to invest in the dynamic and rapidly growing AI industry. In addition to trading and investing he’s widely published and coaches individual clients on the finer points of gaining an edge in the market. As with any sector, there’s no definitive way to choose which AI stocks you should invest in.

The average P/E for an S&P 500 stock is 28.1, and META has a P/E of 33.7 and forward P/E of 21.7. Given its strong growth prospects over the next couple years, the stock is still priced fairly despite already having had a strong machine learning for industrial applications run higher. Meta is the second best-performing AI stock over the last year. Although EPS fell in 2022, it is starting to recover, with analysts projecting strong growth over the next five years, including a 15.4% jump in 2024.

How to Buy Cohesity Stock IPO and Valuation

The stock was an excellent performer in 2023 and is currently trading near a 52-week and all-time high. Over the last decade, the share price has averaged returns of 27.5% per year. Stocks with very high growth rarely trade cheaply, and NOW is no exception. This is near the lowest P/E levels the stock has traded at in the last two years.

As an AI startup, xAI benefits significantly from the enormous appetite of the market for breakthroughs in artificial intelligence. However, this could also inflate the numbers past any objective guess or approximation. All logos and names in AIToolMall belong to their respective individuals or companies. X used to be traded on the New York Stock Exchange as Twitter (TWTR), but it does not have its own stock anymore. All shareholders were entitled to a payout for the value of their shares.

Rather, there are personal preferences and portfolio needs that every investor should assess for themselves. Tesla’s average yearly EPS growth over the last three years is the highest on the list at 171.9%. Future growth is looking more subdued, but Tesla has surprised investors and analysts in the past. AI has some good qualities, but this stock is still highly speculative. Its short history means there are few metrics you can use to forecast its future fortunes. Despite the recent rally, it is trading at a fraction of its 2020 high.

Splunk focuses on data analysis to generate insights for its clients. Splunk’s platform can analyze high volumes of complex data and allow enterprises to take action against possible pitfalls before they happen. AI and machine learning remain at the heart of Splunk’s future. Buying Tesla stock might be the best option to gain exposure to xAI at the moment.

Net loss came in at $100 million, or 19 cents per diluted share. The company generated adjusted free cash flow of $3.5 million. Cash and marketable securities ended the quarter at $1.9 billion.

How To Invest in AI Stocks

X.ai stock represents a share in Elon Musk’s new artificial intelligence company, X.ai. The company was recently incorporated in Nevada and is expected to be a significant player in the AI industry. The stock offers investors the opportunity to invest in the future of AI and benefit from the company’s potential growth.

Where to buy xAI stock?

However, you can invest in his other business endeavor, Tesla (TSLA). As of February 2024, there is virtually no information regarding a potential IPO of xAI. The company is still relatively young, and judging by Elon Musk’s more mature businesses that still remain private, such as SpaceX, it is unlikely to happen anytime soon. However, it would not do harm to follow the news for this information. X is a privately held company, so you cannot invest in it directly.

UiPath’s software robots use AI to automate repetitive tasks within an enterprise, from simple tasks to long-running, complex business processes. Metrics by Research and Markets forecasts the AI industry to grow at a compound annual growth rate (CAGR) of over 28% and reach $171 billion over the next three years. On the other hand, another report by Grand View Research indicates that from 2021 to 2028, the global AI market is expected to grow at a CAGR of more than 40%. The price of Tesla stock increased considerably this year, growing by +85% from a low of $113 in January 2023 to $209 in January 2024. While the broader market rallied in the past year in general, Tesla way outperformed the S&P 500 Index in the time period (S&P 500 gained +21.5% YTD).

However, in November, Musk said that X Corp. shareholders will have a 25% stake in xAI, so the boundaries between the companies seemingly aren’t as straightforward. Explore how Databricks’ potential IPO, leveraging Apache Spark and innovations like Delta Lake, is poised to transform the tech industry. Our platform earns commissions through partnerships and sponsors, which is how we support our analysts.

X.AI’s aim to advance AI, possibly offering an open-source alternative to platforms like OpenAI’s ChatGPT, contributes to this interest. If the AI stock you’re interested in is listed on a major stock exchange, you should be able to purchase it directly through your broker. If the company is not listed on a major exchange, however, but instead is traded over-the-counter (OTC), then due diligence is thoroughly recommended. The stock makes the best AI stocks list because of its strong yearly performance as well as analysts projecting strong EPS growth over the next five years. Analysts predict a move into profitability in 2024, with an EPS estimate of 48 cents per share.

Explore whether you can buy OnlyFans stocks as we delve into its $18 billion valuation and the platform’s private funding status. X.AI has not announced plans for an Initial Public Offering (IPO). Interest in the company is high within the artificial intelligence community, spurred by its ambitious AI technology goals.

These firms are the primary beneficiaries of the AI arms race. Analysts at New Street Research estimated in February that the cost of delivering ChatGPT to Microsoft Bing users required an initial $4 billion infrastructure investment. That price tag will grow as the product is rolled out to more users, according to a report at CNBC. When ChatGPT launched in December 2022 its popularity shocked executives at big technology firms. The OpenAI application quickly became the fastest ever to grab one million active monthly users, smashing previous records set by Facebook, Instagram and even Tik Tok. Similarweb reported in July that chat.openai.com reached 1.8 billion monthly visits.

This arrangement, however, does not influence our impartial reviews. Be sure to do your own research and due diligence, and remember that it’s always recommended to consult a financial advisor before making any major investment decision. If you’re looking for a good methodology for screening AI stocks, we recommend the cryptocurrency mining the ultimate guide to understanding bitcoin ethereum litecoin monero zcash mining technologies pdf methodology used above. However, the stocks revealed by these screens may not be right for everybody. OTC stocks—although often inexpensive—can be volatile and illiquid, making them difficult to buy and sell. It’s always recommended, however, to consult a financial advisor before making any major investment decision.

发表评论