Analyst Names Three AI Stocks for Market Crash Buy
Financial analyst Prosper Junior Bakiny recommends buying Space Exploration Technologies, CoreWeave, and Tesla after a potential 15% to 25% price dip.
Prosper Junior Bakiny identified Space Exploration Technologies, CoreWeave, and Tesla as high-potential artificial intelligence stocks to purchase during a potential market crash. While Bakiny views these companies as promising, he argues their current valuations are too high and recommends waiting for price dips of 15% to 25% before initiating positions.
Space Exploration Technologies has seen its AI division, renamed Super Intelligence, grow to account for over half of its revenue, reaching $7.6 billion in the third quarter. Bakiny noted the company currently holds a 50.8x forward earnings valuation.
CoreWeave reports strong demand with a $104 billion revenue backlog, though the company faces mounting debt and high customer concentration. Tesla's AI integration focuses on robotaxis and the Optimus humanoid robot, though Bakiny cited a high 163.2x forward earnings valuation for the automotive company.
