Mon, May 23, 2022 11:37 AM
Surana Telecom and Power Ltd consolidated profit at Rs. 2.27 crore in Q4
A Flip by Moushumi
Artificial intelligence (AI) is still a dominant trend in the stock market, but not every AI stock is worth buying. Now that the initial rush into these companies is over, you have to take a close look at them to see if they're worth buying, as some are grossly overvalued. Three AI stocks with bright prospects that don't carry an unreal premium.
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Arm Holdings' (NASDAQ: ARM) earnings report last week was a bit of a mixed bag. While Arm beat analyst expectations for both revenue and earnings, the chip company's outlook for fiscal 2025 fell a bit short of the consensus estimate. Arm expects to generate revenue of $3.95 billion for the full year, plus or minus $150 million, a hair below the $3.99 billion analysts anticipated.
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Bulls continued to hold the fort for three days in a row despite fight with bears during the day on May 14. The Nifty 50 moved closer to 22,300 zone, which can be an immediate resistance for the index, followed by 22,500-22,600 levels, while the 22,000-21,900 zone is likely to be key support area for the index for the coming sessions but one should keep an eye on India VIX.
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