November Recap: These 15 Large-Cap AI Stocks Were Each Up +30%

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The following 15 large-cap (i.e. $2B+) artificial intelligence and related stocks are still very much in bubble mode, having advanced by more than 30% in November (To put things in perspective, the 91 constituent  AIQ Global X Artificial Intelligence & Technology ETF was only up 14.1% in November and the 35 constituent SOXX iShares Semiconductor ETF was only up 16.3%.)

The 15 stocks are ranked below, in descending order, as to their price appreciation along with whether or not their price-to-earnings growth (PEG) valuation ratios suggests they are over- or under-valued, with any notable news.

1. UniPath (PATH): UP 64.1%
   • Market Capitalization: $11.2B
   • Month End Stock Price: $24.99
   • PEG Ratio below sector median (i.e. stock undervalued)
   • Read: This AI Software Companies Warrant Consideration
2. StoneCo (STNE): UP 59.4% 
   • Market Capitalization: $4.8B
   • Month End Stock Price: $15.60
   • PEG Ratio below sector median (i.e. stock undervalued)
   • Read: Here is What to Know Beyond Why StoneCo is a Trending Stock
3. Datadog (DDOG): UP 45.7% 
   • Market Capitalization: $38.3B
   • Month End Stock Price: $116.57
   • PEG Ratio over sector median (i.e. stock overvalued)
   • Read: Datadog Hits Fresh High: Is There Still Room to Run?
4. Symbotic (SYM): UP 45.1% 
   • Market Capitalization: $29.4B
   • Month End Stock Price: $52.88
   • PEG Ratio NA
   • Read: Symbotic Insiders Sold US$28m Of Shares Suggesting Hesitancy
5. Snap (SNAP): UP 41.9% 
   • Market Capitalization: $22.8B
   • Month End Stock Price: $14.13
   • PEG Ratio NA
   • Read: Investors Heavily Search SNAP: Here is What You Need to Know
6. CrowdStrike (CRWD): UP 37.0%
   • Market Capitalization: $56.9B
   • Month End Stock Price: $236.99
   • PEG Ratio below sector median (i.e. stock undervalued)
   • Read:  All About Cybersecurity Stock CrowdStrike And Its Competition
7. Infineon Technologies (IFNNY): UP 35.7%
   •  Market Capitalization: $50.5B
   • Month End Stock Price: $39.29
   • PEG Ratio slightly above sector median (i.e. stock slightly overvalued)
   • Read: Are Investors Undervaluing Infineon Technologies?
8. Palantir (PLTR): UP 34.6% 
   • Market Capitalization: $43.6B
   • Month End Stock Price: $20.05)
   • PEG Ratio below sector median (i.e. stock undervalued)
   • Read: Palantir Technologies Up 200% YTD - Here's How
9. Uber Technologies (UBER): UP 32.6% 
   • Market Capitalization: $116.2B
   • Month End Stock Price: $56.38
   • PEG Ratio below sector median (i.e. stock undervalued)
   • Read: Uber Will Join The S&P 500 Index. The Stock Is Jumping
10. WIX.com Ltd. (WIX): UP 32.4%
    • Market Capitalization: $5.8B
    • Month End Stock Price: $103.98
    • PEG Ratio: NA
    • Read: Resilient Large Cap Israeli- Domiciled U.S. Exchange-Listed Stocks Up 
11. Informatica (INFA): UP 32.1% 
    • Market Capitalization: $7.3B
    • Month End Stock Price: $25.09
    • PEG Ratio over sector median (i.e. stock overvalued)
    • Read: Informatica and MongoDB Expand Global Partnership to Enable New Class of Cloud-native, Master Data Management Driven Applications
12. Arm Holdings (ARM): UP 31.7%
    • Market Capitalization: $63.1B
    • Month End Stock Price: $64.01
    • PEG Ratio below sector median (i.e. stock undervalued)
    • Read: Arm Holdings plc Reports Results for the Second Quarter of the Financial Year Ending 2024
13. Workday (WDAY): UP 31.5% 
    • Market Capitalization: $71.2B
    • Month End Stock Price: $270.72
    • PEG Ratio below sector median (i.e. stock undervalued)
    • Read: Workday Earnings Beat, Software Maker Hikes 2024 Outlook
14. Twilo (TWLO): UP 30.3%
    • Market Capitalization: $11.7B
    • Month End Stock Price: $65.85
    • PEG Ratio below sector median (i.e. stock undervalued)
    • Read: Twilio Stock Meets 80-Plus Relative Strength Rating Benchmark
15. MKS Instruments (MKSI): UP 30.1%
    • Market Capitalization: $5.5B
    • Month End Stock Price: $82.25
    • PEG Ratio NA
    • Read: Why Is MKS Instruments (MKSI) Up 24.8% Since Last Earnings Report?

Summary

On average, the above stocks had a market cap of $35.9B and a month-ending price of $79.25. Eight of the 15 stocks were deemed to still be undervalued according to their PEG valuations, 3 were deemed to be overvalued and 4 had insufficient information to make an assessment. The price earnings-to-growth ratio (PEG ratio) is considered to be an indicator of a stock's true value.

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