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How to Protect your Wealth by Investing in AI Tech Stocks

Investing in Google Deep Mind AI 2021 (Alphabet)

Companies / Google Apr 06, 2021 - 05:02 PM GMT

By: Nadeem_Walayat

Companies

Google stock has just rocketed higher after under performing it's brethren, and coming from it's last great buying opportunity low during September that saw Google trade down to $1400. This illustrates the primary point that we don't know precisely WHEN an individual stock will surge higher i.e. the AI stocks are not going to all move in lock step together. So it is pointless to ask questions such as why is Amazon soaring but Google is not, if a stock is good then eventually it will come good in terms of price performance and Google is literally PRIMARY which means that Google is likely to be the first mega-corp to be run by an AI in all but name. So the existence and scope of the AI's control and management needs will need to be inferred where one big clue will be inexplicable to most stock price movements that to me reveal the handiwork of post human intelligence - DEEP MIND!


Despite the 15% surge in stock price, in valuation terms Google is cheaper today then when it was trading at $1700 with EC falling from 48 to 44, and putting Google on a Buy rating of 75% (remember 50% is neutral, 100% Very Strong and 0% Bad Buy).

Google delivered us it's last big buying opportunity late September when Google traded down to $1400.

Google reached and broke above it's next resistance level of $2,000. In fact Google gapped through $2000, where this gap does give Google some support though which I would expect Google to fill before going higher, so it looks like Google is going to trade below $2000, to fill the gap from $1970 with Google's major support zone between $1820 and $1930 which is where I would expect Google to trade into before preparing for it's next leg higher. Whilst nearest trend line support is at $1930. Which could terminate any correction. This is a tough call, $1930 is significant support, though which could see a short lived spike under it to run stops, which resolves to a Buying zone of $1820 to $1930 with the midway point being $1875. Though if you really want to own Google. The question an investor would need to ask if Google were trading at $1930, do I want to risk not buying google with a Limit order at $1875, some 0.3%?

This article is an excerpt form latest extensive analysis that concludes in AI Stock buy ratings, levels and valuation analysis for investing in 2021 that has first been made available to Patrons who support my work.

AI Tech Stocks Buying Ratings, Levels and Valuations March 2021

  • AI Tech Stocks Buying Levels and Valuations 2021 Explained
  • Coronavirus Pandemic Vaccines Indicator Current State
  • Post Pandemic Summer 2021 Social Unrest ?
  • Get Ready for Inflation Mega-trend to Surge 2021
  • The AI Megatrend Big Picture
  • Human Brain vs High End Desktop PC in 2021
  • AI Stocks Investing 2021 - Top 10 Stocks Analysis
  • AI Stocks Portfolio Table 2021
  • Stocks Bear Market / Crash Indicator (CI18)

So for immediate first access to ALL of my analysis and trend forecasts then do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

My analysis schedule includes:

  • How to Invest in High Risk Tech Stocks
  • UK house prices trend forecast
  • Bitcoin price trend forecast
  • How to Get Rich
  • US Dollar and British Pound analysis

So again for immediate access to all my work do consider becoming a Patron by supporting my work for just $3 per month. https://www.patreon.com/Nadeem_Walayat.

How to Get FREE Access to My Patreon Content for the Next 5 Years!

The crypto mania is continuing to offer a short window of opporunity for likely only a few more months as Bitcoin continues to trade near well above $50,000 which means virtually anyone with a decent GPU in their desktop PC can make easy money crypto mining in the background, and here's how my desktop PC is actually earning a net $6.50 per day crypto mining in the background, which within 3 weeks earned $136 net of UK electricity costs that resolves to $200 per month, more than enough to cover 5 years of Patreon fees at $3 per month ($180)!

Check out my video if you want FREE money, and yes my eyes rolled when I wrote that, sounds too good to be true. Though I do cover the risks in the video such as that the Bitcoin price WILL CRASH, and mining profits are GPU dependant. Nevertheless crypto mining in the background with Nicehash is generating $6.5 profit per day for me, so do look into crypto mining with your desktop PC whilst it lasts (referral link).

Mining Bitcoin On My Desktop PC For 3 Weeks - How Much Crypto Profit Using RTX 3080 on NiceHash

Video Contents:

00:20 Mining with NiceHash Intro
01:20 Limit GPU System Power Draw
02:58 3 Weeks Mining Earnings
03:38 Calculating Profitability
07:24 GPU settings for Mining in the background
08:46 Which GPU's are profitable
10:03 How long to crypto mine for
11:04 What to do with your bitcoin earnings
12.30 Spend Your Bitcoin when Price is High
13.30 Bitcoin Price Could CRASH
14:45 Mine whilst profitable to do so
16:33 What to do if Bitcoin Crashes

The bottom line is that the current free easy money crypto mining environment is time limited, how long will it persist for? Whilst I will do an analysis on the future prospects for the Bitcoin price in forthcoming piece. However, I don't see this crypto mania party extending much beyond say 3 or 4 months at best, so don't waste this opportunity as the likes of NiceHash make crypto mining with ones desktop PC a breeze. And if you do mine, don't hold onto your coins!

And ensure you are subscribed to my ALWAYS FREE newsletter for my next in-depth analysis.

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2020 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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