TikTok Tops Out – Should You Buy SNAP Stock?įirst off, we see short-form video as the future. Some trends are unstoppable forces, and it seems that AI is one of them. And we’re confident that the launch of ChaptGPT3 was a tipping point for the AI Revolution. Less than two years later, it has increased its value by more than 100%. Well, in 2021, the company was worth $14 billion. What does this mean for AI stock investors?
Pivoting to artificial intelligence, which we’ve talked about a lot since the launch of ChatGPT3, OpenAI (the company behind that product) is reportedly looking to raise funds at a $29 billion valuation. And it’s all thanks to the major risk-off sentiment that began in 2022.Īs soon as that sentiment abates – and it always does – SOFI stock could rocket in a hurry. Traditional banking giants are trading at larger multiples – while growing at just 2% per year. Yet SOFI stock is trading at 0.9X its book value. We see this as a company that will grow 20% per year into 2030. InvestorPlace - Stock Market News, Stock Advice & Trading Tips And because the company doesn’t have to maintain a physical presence, it can pass those cost-savings onto customers through better yields and higher interest. Its world-class digitally native consumer finance app is a modern-day dream. And that’s exactly what you have with SoFi. Great products make for great businesses, which make for great stocks. Since then, SoFi’s been in the spotlight – and rightfully so. But more importantly, this championship game was held at SoFi Stadium.
If you’re a sports fan, then you probably know that the college football championship game just happened a few nights ago (and boy, it wasn’t even close, was it?). Buckle up, friends, it’s going to be a long one! Welcome to another brand-new episode of our Hypergrowth Investing podcast, where we get candid on SoFi’s ( SOFI ) prospects in 2023, ChatGPT3 and the AI Revolution, TikTok government bans, and whether Apple’s ( AAPL ) XR headset can do for the metaverse what the iPhone did for the internet.
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