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The following 10 large cap (i.e. $2B+) artificial intelligence and related stocks continue to exhibit bubble characteristics UP 3.2% last week and are now UP 142.4%, on average, YTD. To put things in perspective, the 91 constituent  AIQ Global X Artificial Intelligence & Technology ETF was only UP 0.5% last week (UP 48.7% YTD), the 35 constituent SOXX iShares Semiconductor ETF was only UP 1.6% (UP 54.6% YTD) and the Nasdaq was only UP 0.13% (UP 37.6% YTD) .

The 10 stocks are UP in excess of 100% YTD and continued to outperform the overall AI market last week by at least 200% and based on AIQ that equates to 0.5% x 2 = 1.0%. They are ranked below in descending order as to their stock appreciations last week along with their YTD performance numbers and any notable news or analysis/commentary.

1. Upstart Holdings (UPST): UP 38.0% last week; UP 179.3% YTD
   • Latest News/Analysis:
     • Upstart Could Skyrocket in 2024 if the Fed Cuts Rates
2. IonQ Inc. (IONQ): UP 11.9% last week; UP 296.8% YTD
   • Latest News/Analysis:
     • IonQ’s Most Powerful Quantum System, IonQ Forte, Now Available through the Amazon Braket Direct Program
3. Uber Technologies (UBER): UP 9.4% last week; UP 149.5% YTD
   • Latest News/Analysis:
     • Uber shares pop on inclusion in S&P 500
4. Spotify (SPOT): UP 7.0% last week; UP 173.7% YTD
   • Latest News/Commentary:
     • Spotify ends 2023 with more mass layoffs as CEO Daniel Ek announces 3rd round of job cuts
5. Advanced Micro Devices (AMD): UP 6.4% last week; UP 106.0% YTD
   • Latest News/Analysis:
     • AMD Stock: After AI Chip Debut, Should You Buy, Sell, or Hold?
6. CrowdStrike (CRWD): UP 2.3% last week; UP 130.4% YTD
   • Latest News/Analysis:
     • CrowdStrike Q3 Improved 
7. ServiceNow (NOW): UP 1.9% last week; UP 106.7% YTD
   • Latest News/Analysis:
     • Is ServiceNow Stock a Top Buy for 2024?
8. Meta Platforms (META): UP 1.7% last week; UP 176.5% YTD
   • Latest News/Analysis:
     • Meta Platforms: The Bull and Bear Case for META Stock
9. Nvidia Corporation (NVDA):  UP 1.6% last week; UP 225.1% YTD
   • Latest News/Analysis:
     • What Should Investors Expect From Nvidia in 2024?
10. Palo Alto Networks (PANW): UP 1.1% last week; UP 112.9% YTD
    • Latest News/Analysis:
      • Palo Alto Networks: Facts to Know Before Betting on It
         

On average, the above 10 stocks were UP 3.2% last week and are now UP 142.4% YTD.

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