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Wall Street Set to See a Broad-Based Rally in Q2: 5 Picks
ELVElevance Health(ELV) Zacks Investment Research·2024-04-03 13:16

U.S. stock markets have been witnessing an astonishing rally in the past 15 months. However, the major driver of this rally was globally booming artificial intelligence (AI), especially generative AI. Companies that have extensive applications of AI in their final products have become multi-baggers in the past 15 months. Stock prices of some of these companies have skyrocketed 200-300% during this period.These highly overvalued stocks make a large section of financial researchers and analysts skeptical of i ...