Elon Musk Unveils X ai: A Game-Changer For Investors

Stocks with very high growth rarely trade cheaply, and NOW is no exception. This is near the lowest P/E levels the stock has traded at in the last two years. Since the company is just moving into profitability, the P/E ratio is high at 44.

As xAI remains in the private hands of Elon Musk, you cannot buy its stock. However, you can invest in his other business endeavor, Tesla (TSLA). It is his largest company and multinational giant known for being the world’s most valuable automaker and one of the largest global suppliers of clean energy and battery storage systems. As of February 2024, there is virtually no information regarding a potential IPO of xAI. The company is still relatively young, and judging by Elon Musk’s more mature businesses that still remain private, such as SpaceX, it is unlikely to happen anytime soon.

Invest in Tesla stock

But it remains early innings, and X.AI will need to prove its capabilities over time. First, to fully understand the significance of X.AI, it helps to know a bit about Elon Musk‘s background with artificial intelligence. As the famous CEO of Tesla and SpaceX, Musk is considered a pioneer in electric vehicles, rocket technology, and more.

Because of federal regulations, retail (non-accredited) investors are not able to invest in private companies. Buyers can see each listing, accept a seller’s asking price as listed, place bids and negotiate with sellers, or add a company to their watchlist. They can also see all recent transactions (prices and quantity of shares traded). Tesla’s average yearly EPS growth over the last three years is the highest on the list at 171.9%. Future growth is looking more subdued, cryptocurrency and margin trade clampdown takes shine off bumper half at plus500 plc but Tesla has surprised investors and analysts in the past. The stock makes the best AI stocks list because of its strong yearly performance as well as analysts projecting strong EPS growth over the next five years.

Get the latest cryptocurrency news directly in your inbox.

In fact, it is one of the few pure-play AI stocks involved in directly creating AI projects. AMD’s earnings dropped significantly in 2022, but analysts are forecasting a bounce back in 2024 and 2025. Analysts project 11.8% EPS growth next year, slightly below the longer-term forecast for future years. Meta operates Facebook, Instagram and WhatsApp, as well as many other companies. It utilizes and expands on AI in many capacities, including integrating it with virtual reality and translators for communication.

Join now and verify your accreditation status to gain access to:

Despite the recent rally, it is trading at a fraction of its 2020 high. Tesla is expanding its reach into AI, including its self-guided car technology. “The goal is not to be a car company,” controversial Tesla CEO Elon Musk once said, and the company’s choices certainly back that statement up. UiPath creates software that allows business employees to tackle both complex and simple problems, including completing routine tasks. Over the last decade, the share price has averaged returns of 27.5% per year.

Access IPOs is not a broker dealer or investment adviser. This communication is for informational purposes only, and is not a recommendation, solicitation, or research report relating to any investment strategy, security, or digital asset. There is no guarantee that any statements or opinions provided herein will prove to be correct. Hiive is a registered broker-dealer and member of FINRA / SIPC. Stability AI is a leader in open-source AI models for images and video.

In addition to trading and investing he’s widely published and coaches individual clients on the finer points of gaining an edge in the market. As with any sector, there’s no definitive way to choose which AI stocks you should invest in. Rather, there are personal preferences and portfolio needs that every investor should assess for themselves.

Here’s a list of X Corp investors from when Musk acquired Twitter. I and many Access IPOs readers also own this fund, lionscout group munich thereby making us stockholders. As Elon Musk remains the owner of xAI, the company is not publicly traded. It will most likely remain private, at least in the near future.

1. Investors are betting that the company can continue to grow, which may justify the high price valuation.
2. Rather, there are personal preferences and portfolio needs that every investor should assess for themselves.
3. Large brokers such as Fidelity and Charles Schwab sometimes offer IPO allocations to customers but distribute them to their wealthiest clients.
4. XAI is working on building artificial intelligence to accelerate human scientific discovery.

While X.AI remains a privately-held company with no current plans for an IPO, its substantial funding and innovative projects highlight its potential in the AI industry. For investors looking to capitalize on the AI boom, publicly traded alternatives like NVIDIA, Microsoft, and Google offer robust opportunities. X.AI, founded by Elon Musk in March 2023, is a privately-held company. The company focuses on AI research and development, with notable projects like the Grok AI chatbot. Currently, X.AI’s funding comes from private investments and venture capital firms like Andreessen Horowitz and Lightspeed Venture Partners. Investing in private companies may be considered highly speculative and involves a high degree of risk, including the risk of substantial loss of investment.

These funds are designed to invest in companies working in AI. Judging by Musk’s past business history, xAI likely won’t go public, at least not anytime soon. The list of companies Musk was a founder or co-founder of includes Tesla, SpaceX, Neuralink, Boring Company, and PayPal. Out of these companies, only Tesla and PayPal (PYPL) were ever listed on the stock exchange, with the latter only going public after Musk left the company. Founded in March 2023, xAI is an American startup focused on artificial intelligence (AI) technology.

Investors is cryptocurrency property must be able to afford the loss of their entire investment. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform. In May, CNN reported that the company raised a whopping $6 billion in new capital at a $24 billion valuation. Since 2013, the EquityZen marketplace has made it easy to buy and sell shares in private companies. EquityZen brings together investors and shareholders, providing liquidity to early shareholders and private market access to accredited investors. Pre-IPO investing platforms provide new opportunities to own high-demand startups.

Investors are betting that the company can continue to grow, which may justify the high price valuation. Elon Musk is widely respected as a transformative figure who has achieved the seemingly impossible across multiple industries. As you can imagine, his decision to launch a new AI company has sent ripples through the technology world. Private transaction data via Hiive is currently limited. When ready, the company will likely submit a confidential S-1 a few months before the IPO, then release the filing once it is qualified by the SEC. You may find discounted opportunities to own xAI stock months after the IPO.