As I sit here today, I have the following stocks: micron technology With a market cap of more than $1 trillion and a return of 10x in one year, it may feel like there are no more opportunities left to buy artificial intelligence (AI) stocks. stocks like Nvidia The stock has soared over the past few years and now trades at a premium valuation, with significant downside risk if the AI spending boom subsides.
What if I told you there are still cheap AI stocks to buy? You’ll have to look overseas to find them. The reason is as follows Coupang (New York Stock Exchange: CPNG) If you missed out on Nvidia, Micron, and other winners of the past few years, this is one AI stock to buy right now.
Forgot Nvidia in 2009? This unusual signal is flashing again. In 2009, a “double down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, a company 100 times smaller than Nvidia is flashing the same “full conviction” signal. Continued “
Korean AI technology company
Coupang’s primary business is an e-commerce marketplace and is built in a similar manner to Coupang. Amazon. Unlike mainstream AI companies in Silicon Valley, Coupang leverages AI in terms of robotics and automation across its vast network of warehouses in South Korea. The company wants to make the most of robots in its warehouse to save time and money and get goods to customers faster.
Beyond e-commerce, Coupang leverages AI in the advertising, financial technology, and food delivery sectors. You want to use automation to improve the customer journey and maximize profits at the same time. AI is more than the chatbots that are popular with consumers today.
In a more direct investment, Coupang recently launched something called Coupang Intelligent Cloud (CIC) to build AI data centers for itself and, in some cases, third-party customers. It’s unclear exactly how ambitious Coupang plans to invest in its AI cloud since it was announced less than a year ago, but it does show how focused the tech company is on incorporating AI into its business.
Huge economic growth opportunity
Coupang has 24 million active customers, nearly half of South Korea’s population. Many people flock to this service because of its fast delivery, wide selection of products, and low prices. Over the past 12 months, the company generated $35 billion in revenue, primarily from its Korean e-commerce platform.
There may be a catalyst in South Korea’s personal retail spending, but it is entirely related to the AI boom. Short supply of memory chips has driven up prices, a big boon for South Korean semiconductor giants. samsung and SK Hynix. This huge increase in profits has led both companies to pay out bonuses to their employees, which could total $40 billion by 2026. With a gross national income of $1 trillion, this is a 4% increase that will be spent on products that go straight into customers’ wallets, preferably Coupang.
