These stocks are an AI model's biggest upside picks after a week of mild economic data

It turns that AI investing models can be a little patient. The iFi AI model, powered by IBM's Watsonx, was still projecting big upside for bitcoin miner Marathon Digital as of Friday morning. The stock was also near the top of iFi AI's projections for 30-day returns on screens earlier in June. The stock is down 0.3% month to date. The AI model uses a variety of inputs, including fundamental data, technical analysis and company news, to make its predictions.

Lucid Group , an electric vehicle company, has trended steadily lower since last summer and is now below $3 per share. However, it still has a market cap of more than $5 billion and reported more than $2 billion in cash and cash equivalents at the end of the first quarter. Carvana is another holdover from a recent iFi AI screen, and may indicate that last week's economic data didn't cause huge changes in the model. The online auto dealer stock is up 3.

Source: News Formal (newsformal.com)

Markets Marathon Digital Holdings Inc Lucid Group Inc Carvana Co Meritage Homes Corp Palo Alto Networks Inc Business News

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla Stock Forecast: TSLA shares gain despite setback on Model Y production in ChinaTesla (TSLA) has trimmed Model Y production at its Shanghai factory by 20%, according to a new report from Reuters.
Source: FXStreetNews - 🏆 14. / 72 Read more »

This energy stock and other plays are set to jump the most over the next month, according to an AI modelThese stocks are some of iFi AI's favorite picks for the next 30 days.
Source: CNBC - 🏆 12. / 72 Read more »

Rivian offering big discounts on inventory ahead of 2025 R1 modelsRivian's offering big discounts on its R1 models in stock from the 2023 and 2024 model years, also passing some savings onto reservation holders.
Source: therealautoblog - 🏆 528. / 51 Read more »

Tesla Offers €6,000 “Environmental Discount” In Germany After Sales Tank 64% In MayDeal in Germany that takes base Model Y price below €40k applies only to cars in stock and delivered before the end of June
Source: Carscoop - 🏆 306. / 63 Read more »

Tesla recalling more than 125,000 vehicles to fix seat belt warning systemThe National Highway Traffic Safety Administration said that the recall includes certain 2012-2024 Model S, 2015-2024 Model X, 2017-2023 Model 3, and 2020-2023…
Source: NBCDFW - 🏆 288. / 63 Read more »

1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, TargetStocks Analysis by Investing.com (Jesse Cohen) covering: Nasdaq 100, S&P 500, Dow Jones Industrial Average, Ross Stores Inc. Read Investing.com (Jesse Cohen)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »