3 AI Stocks to Avoid at Current Prices

The tech-heavy Nasdaq 100 Index ($IUXX) has had a pretty decent run so far in 2023, rising 38% to more than double the percentage gains of the S&P 500 Index ($SPX) - which is up just 15.6% since the start of the year. This rise has been fueled in large part by euphoria around the artificial intelligence (AI) space, with Nvidia (NVDA) being the most noteworthy beneficiary.

And the prospects are only expected to get better for AI and AI-related industries. According to a recent study by Statista, the global AI market is forecast to reach about $1.85 trillion by 2030, up from roughly $207.9 billion in 2023.