Business Insider: “The hype in AI stocks isn’t a bubble yet, and little buy in from retail investors means there’s room for more upside”By datatrekresearch in IN THE NEWS
Excerpt from Business Insider quoting DataTrek co-founder Jessica Rabe:
.... "The hype in artificial intelligence is real, but that has yet to spill over into the stock market despite year-to-date rallies in mega-cap tech stocks like Microsoft, Alphabet, and Nvidia, according to DataTrek Research.
That's because retail investors have yet to pile into the space as they're still licking their wounds from the 2022 stock market meltdown, and it could ultimately mean that there's more upside left in these stocks as investors wade back into the market.
DataTrek's research in a Wednesday note is based on various Google Trend Search queries, which shows the keyword "ChatGPT" far outpacing the search interest in bitcoin, while the keyword "tech stocks" continues to trend lower from its peak in February 2021, when high-flying speculative tech stocks ultimately peaked.
"Interest in 'tech stock' is nowhere near levels reached during the Pandemic Era speculative tech bubble," DataTrek Research co-founder Jessica Rabe said. "While there's been bursts in attention following the peak in February 2021, they continue to get smaller"....
Full article here on Business Insider.