January Recap: These 15 Large-Cap Artificial Intelligence Stocks Averaged 17%

Image Source: Pixabay

Whoever said the bubble in artificial intelligence stocks is collapsing is dead wrong. The 15 large cap (i.e. $2B+) AI stocks that have appreciated by more than 100% in the past 12 months were up 17.2%, on average, in January - yes, 17.2%! 12 were up with only 3 declining. They are ranked below in descending order of their performances in January along with their latest news, commentary and/or analysis where available:

UP +20% in January:

1. Super Micro Computer (SMCI): UP 86.3%
   • Up 86% Already in 2024, Is Super Micro Computer Stock Still a Buy?
2. Nvidia Corporation (NVDA): UP 24.2% 
   • Is Nvidia A Buy?

UP 10% to 19.9% in January:

1. CrowdStrike Holdings (CRWD): UP 18.0%
   • Nvidia, CrowdStrike Lead Screen Of 39 Stocks To Buy And Watch
2. Advantest Corporation (ATEYY): UP 17.8%
   • Advantest is a Great Momentum Stock: Should You Buy?
3. Palo Alto Networks (PANW): UP 14.8%
   • Is Palo Alto a Buy as Wall Street Analysts Look Optimistic?
4. Spotify Technology (SPOT): UP 14.6%
   • Countdown to Spotify Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
5. Advanced Micro Devices (AMD): UP 13.8%
   • AMD Raises 2024 Artificial Intelligence Chip Outlook
6. Meta Platforms (META): UP 10.9%
   • More Big Tech Earnings Land Today: Apple, Amazon and Meta Are Coming

UP 5% to 9.9%

1. Arista Networks (ANET): UP 9.8%
   • Arista Networks Exceeds Market Returns: Some Facts to Consider
2. Dell Technologies (DELL): UP 8.3%
   • Dell Technologies Hit a 52 Week High, Can the Run Continue?
3. Uber Technologies (UBER): UP 6.0%
   • UBER Gears Up to Report Q4 Earnings: What's in the Cards?
4. Broadcom (AVGO): UP 5.7% 
   • Broadcom Outpaces Stock Market Gains: What You Should Know

DOWN In January:

1. Palantir Technologies (PLTR): DOWN 6.3%
   • Is Palantir Stock A Buy On AI Outlook, With Earnings Due?
2. Symbotic (SYM): DOWN 16.2%
   • Better AI Buy: AMD vs. Symbotic Stock
3. IonQ Inc. (IONQ): DOWN 17.1% 
   • IonQ Achieves Technical Milestone One Year Ahead of Schedule

Summary

The above 15 "bubble" stocks were UP 7.2%, on average, in January. Yes, the bubble in the above stocks continues to stay inflated.

---

More By This Author:

Cannabis MSO Stocks Surge: Up 10% Last Week; Up 35% MTD
5 Largest Psychedelic Compound-Based Drug Stocks Up 17% Last Week
Surge Continues: These 13 Semiconductor Stocks Up 81% In 2023; Up 10% MTD