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As the artificial intelligence (AI) megatrend continues to captivate investors – with Nvidia (NVDA) still dominating the spotlight – Citigroup strategists led by Drew Pettit recently advocated buying "the next leg of the artificial intelligence trade."
Highlighting the “micro bubble risks” in some areas of the market, they presented a list of AI stocks categorized into enablers, creators, and users, and suggest that growth investors focus on names still trading at a reasonable price. In the first screen under the "creators" umbrella, Bill Holdings, Inc. (BILL) and Smartsheet Inc. (SMAR) are in Citi’s “AI stocks at a reasonable price” basket.