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There has perhaps been no more oft-discussed stock in the market in the past month than SpaceX (SPCX). Shares of the space exploration and artificial intelligence (AI) company absolutely skyrocketed out of the gate in June. However, after a few days of significant selling pressure, SPCX stock is now down about 32% from its all-time high set last week following a tremendous opening day for the hottest initial public offering (IPO) in a long time.
One analyst believes that this company could be the optimal way to play AI. Here's why — and what to make of his take and $250 price target.
