Six AI Companies for Long-Term Investors
Contributed Opinion

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Intel Corp. and Tesla Inc.
2. Jack Chan: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: None. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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Jack Chan Disclosures

We do not offer predictions or forecasts for the markets. What you see here is our simple trading model which provides us the signals and set ups to be either long, short, or in cash at any given time. Entry points and stops are provided in real time to subscribers, therefore, this update may not reflect our current positions in the markets. Trade at your own discretion.

The annual Consumer Electronic Show (CES) is in full swing in Vegas, and AI dominates the event, naturally.

Some colleagues are extremely bullish about the prospects and future of AI, rightfully so, and the excitement rivals the dotcom era.

We are not comparing and not even suggesting that AI is in a bubble as dotcom was, but all speculation has up and down cycles, and each company has its own merits.

Some big names in the tech sector were mentioned often, and here are six companies according to our trading model for the longer-term traders and investors.

Buy/sell signals within the weekly charts can last a few months to a few years.

Nvidia Corp. (NVDA:NASDAQ) is on a weekly Buy signal triggered at 120 and a sell signal at 180.

Ideally, a correction to the 50/200ema will yield the next buy signal.

Taiwan Semiconductor Manufacturing Company Ltd. (TSM:NYSE) is on a weekly Buy signal triggered at 185, with current pivot support at 266.

Folks can continue to hold until a weekly close below 266.

Meta Platforms Inc. (META:NASDAQ) is on a weekly Buy signal triggered around 650, with a sell signal at 710.

Wait for a new Buy signal.

Alphabet Inc. Class A (GOOGL:NASDAQ) is on a weekly Buy signal triggered at 174, with current pivot support at 297.

Folks can continue to hold until a weekly close below 297.

Intel Corp. (INTC:NASDAQ) is on a weekly Buy signal triggered at 23, with current pivot support at 35.

Folks can continue to hold until a weekly close below 35.

Tesla Inc. (TSLA:NASDAQ) is on a weekly Buy signal triggered at 300, with current pivot support at 382.

Folks can continue to hold until a weekly close below 382.