Artificial intelligence stocks continue to run hot…
Guardforce AI Co., Limited (NASDAQ: GFAI) had an incredible 100%+ gain on Wednesday…
And we had another artificial intelligence stock gain 500% yesterday!
With all this incredible action you may be wondering when this hot sector might cool off…
But I’m not worried about that just yet — more AI stocks continue to pop up every day.
They’re all moving for different reasons. But it’s all equally big percent gains…
So here are the latest artificial intelligence stocks to watch and how to find the next one.
Artificial Intelligence Stocks To Watch
I think the AI hot sector is far from done. I think it could have enough legs to run through the summer…
Both the sector leaders — whether you want to call C3.ai, Inc. (NYSE: AI) or GFAI the leader now— are still holding up.
And we’re still seeing new AI plays pop up daily.
So let’s look at some of these new runners and why they’re up…
Artificial Intelligence Stock Catalysts
Stocks in hot sectors can run on sector momentum, or they can run on news related to the hot sector.
In the last few days, we saw both scenarios…
Remember Bullfrog AI Holdings, Inc. (NASDAQ: BFRG) from last week?
It had a massive spike in the morning on April 4 from around $4.50 to $9.50 … Then it just slowly faded off.
Now look at it clawing its way back up and approaching a breakout level…
BFRG chart: 10-day, 5-minute candle — courtesy of StocksToTrade.com
That comeback is thanks to sector momentum and the fact that the company is dropping regular buzzwordy press releases about artificial intelligence.
T Stamp Inc. (NASDAQ: IDAI) is another artificial intelligence stock moving on news…
It spiked on Wednesday after the company announced AI-related patents. It continued higher yesterday and had a beautiful afternoon VWAP hold before the close.
IDAI chart: 2-day, 5-minute candle — courtesy of StocksToTrade.com
CXApp Inc. (NASDAQ: CXAI) is the biggest runner from yesterday … It soared 500% with no news — the company isn’t even in the AI sector!
This entire move is because the ticker has the letters AI in it.
That’s sector momentum, baby! (And probably idiot short sellers trying to guess the top.)
It proves the idiocy of penny stock hot sectors, but we love it!
CXAI chart: 1-day, 5-minute candle — courtesy of StocksToTrade.com
If AI stocks can run for different reasons and may or may not have a catalyst — how can you find the next hot artificial intelligence stock that could have a big run?
How To Find Artificial Intelligence Stocks
Use your StocksToTrade stock screener…
All of the stocks I’ve mentioned today are in the technology, industrial, or healthcare sectors.
From there you can include your other criteria like price, volume, float, and news.
You can also use tools like the Breaking News Chat to alert you to potential AI plays…
The team alerted CXAI on Wednesday afternoon before it was on most traders’ radars when it was trading at just $1.64. It hit a high of $9.73 yesterday!
Which AI stock is your favorite? Reply to this email and let me know how you’ve traded them!
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade