The golden age of Artificial Intelligence and the FANG stocks
And this is because behind the scenes Artificial Intelligence has been proving very useful across several industries. It helps NASDAQ:GOOG to provide better searches. It is the backbone of NASDAQ:TSLA 's autonomous driving. AI is the reason -to some degree- why these stocks has been rising in the last years.
In this analysis I recommend the FANG ( Facebook , Amazon, Nvidia and Google ) combo stocks, given that all of them have collected large amounts of data -read "AI fuel"- over the last years.
The FANG/4 chart shows a resistance around 920 and a long-term support at 665. Aggressive investors may jump in the market right now and benefit from a possible break-out of the 920 resistance. Conservative investors should wait until a real break-out is visible or even wait for the possibility of a melt down to the long-term support at 665 or in between around 790.
I expect the price to travel around the yellow polygon in the next years.
"AI is in a golden age" - Jeff Bezos