There’s a lot of excitement around artificial intelligence-focused stocks right now. However, market veteran Art Hogan urges caution when it comes to companies that are trying to take advantage of the hype but don’t have true ties to the industry.
“If we start to see the capital markets open, and we start to have a flood of newly minted companies that are AI-specific or adjacent, I would avoid that at all costs,” he said on the What Goes Up podcast. “Because they likely don’t have models.”