How to Buy X AI Stocks

how to buy stock

Investors can engage with them through established, regulated brokers, such as eToro, to diversify their portfolios in a sector with significant growth potential. X.AI has not announced plans for an Initial Public Offering (IPO). Interest in the company is high within the artificial intelligence community, spurred by its ambitious AI technology goals. X.AI’s aim to advance AI, possibly offering an open-source alternative to platforms like OpenAI’s ChatGPT, contributes to this interest. Explore whether you can buy xAI stocks, the company’s market status, and alternative AI investment options in the rapidly evolving tech sector. AI appears to have a bright future ahead of itself, but nobody can know for sure how technology and business cycles will evolve in the months and years to come.

As one of the largest companies in the world, MSFT is a less speculative AI play than some other names on this list. The current P/E is relatively high, but when factoring for earnings growth the forward P/E is more reasonable for a high-growth stock. As of February 2024, there is virtually no information regarding a potential IPO of xAI. The company is still relatively young, and judging by Elon Musk’s more mature businesses that still remain private, such as SpaceX, it is unlikely to happen anytime soon.

how to buy stock

The stock is an excellent performer in 2023, sharply rising and trading at an all-time high. Our editors are committed to bringing you unbiased ratings and information. We use data-driven methodologies to evaluate financial products and companies, so all are measured equally. You can read more about our editorial guidelines and the investing methodology for the ratings below. Artificial intelligence has been with us a long time, but it came more into focus with the release of ChatGPT and a plethora of similar apps in late 2022.

Step 4: Place your order and buy xAI alternative stocks

This is unfortunate for those looking to invest in social media and X in particular, especially those with a stake in related companies like Tesla. Still, those not patient enough to wait for X’s new IPO have some alternative options at their disposal. Upon acquiring X, Musk stated that he planned on making the company public again in the next three to five years.

Net loss came in at $384 million, or $2.34 loss per diluted share, compared to a net loss of $261 million, or $1.64 loss per diluted share, in the prior-year quarter. While isn’t yet profitable, it boasts a hefty 75% gross margin. The company estimates second-quarter revenue growth to come in at 37% YOY. It provides software-as-a-service (SaaS) applications that allow customers to develop large-scale Enterprise AI applications across any infrastructure.

how to buy stock

However, in November, Musk said that X Corp. shareholders will have a 25% stake in xAI, so the boundaries between the companies seemingly aren’t as straightforward. During the Twitter Space, Musk also touched upon the dangers of building an AGI system, which he has highlighted numerous times in recent years as a potentially existential threat to humanity. “The safest way is to build an AGI that is ‘maximum curious’ and ‘truth curious,’ and to try and minimize the error between what you think is true and what is actually true,” stated Musk. In July 2023, Musk held a Twitter Space in which he discussed xAI, its goals, and its team. Unlock your full investment potential with Fast Forward Investing. There is a lot of evidence that this process is underway.

X.AI Corp. stock FAQ

Every investment carries risk, and only you can know for sure if the risks of AI stocks are right for your investment portfolio. If the AI stock you’re interested in is listed on a major stock exchange, you should be able to purchase it directly through your broker. If the company is not listed on a major exchange, however, but instead is traded over-the-counter (OTC), then doing your due diligence is thoroughly recommended. In addition to the above requirements, all stocks have at least a $1 billion market capitalization, a price above $5 and daily average volume of at least 500,000 shares. GOOGL has an “A” financial health rating from Morningstar, and it is trading at a forward P/E that is considerably cheaper than many of the other stocks on this list. The stock has trended aggressively higher in 2023, and it is now trading near an all-time high.

The prospect of an IPO is speculative, keeping its valuation and public investment opportunities uncertain. For investors keen on the AI sector, established publicly traded companies like NVIDIA, Microsoft, and Google offer solid alternatives. These companies provide an opportunity to invest in the dynamic AI industry, demonstrating the diverse investment avenues available in this rapidly advancing technological field. The company’s financial backing is predominantly from private investments, with a strategic focus on AI innovation. This positions X.AI as a formidable potential rival to leading AI platforms, including OpenAI’s ChatGPT. As a result, there is keen interest among investors in any future move by X.AI towards an Initial Public Offering (IPO), which would make its stocks available to a wider public audience.

Two important Arista customers, Meta Platforms (META) and Microsoft, began preparing in 2021 by retrofitting their data centers. That process is ongoing, and other deep-pocketed players will follow as they roll out chatbots and AI strategies for enterprise customers. According to an Arista blog post, AI networks are now operating at petabyte scale, or 1,024,000 gigabytes.

  1. X.AI’s aim to advance AI, possibly offering an open-source alternative to platforms like OpenAI’s ChatGPT, contributes to this interest.
  2. These applications stretch the limits of what is currently possible with hardware alone.
  3. However, nobody can tell you definitively whether you should invest in AI stocks.
  4. While the broader market rallied in the past year in general, Tesla way outperformed the S&P 500 Index in the time period (S&P 500 gained +21.5% YTD).

Given significant top-line growth and a growing addressable market, the current stock price presents an attractive opportunity to buy AI shares at a reasonable valuation. AI stock currently hovers just below $49, down 70% from its all-time high (ATH) in late 2020. X.AI, being a private entity, does not have a publicly disclosed market valuation. X.AI remains a privately-held company, meaning its stocks are not currently open for public trading.

Is X publicly traded?

Its short history means there are few metrics you can use to forecast its future fortunes. Despite the recent rally, it is still down considerably from its 2020 high. The stock commenced trading in 2020, so it doesn’t have a long track record. However, AI’s stock has rallied over the past year, and it is tops in the industry for expected growth.

How to invest in xAI stock?

X used to be traded on the New York Stock Exchange as Twitter (TWTR), but it does not have its own stock anymore. All shareholders were entitled to a payout for the value of their shares. Founded in early 2023, xAI is a very young company that is still in the early stages of development. The company employs a dozen of AI and programming experts who are led by Elon Musk.

Why EquityZen?

The lack of reliable information also makes getting a precise answer virtually impossible. As an AI startup, xAI benefits significantly from the enormous appetite of the market for breakthroughs in artificial intelligence. However, this could also inflate the numbers past any objective guess or approximation. “We are a separate company from X Corp, but will work closely with X (Twitter), Tesla, and other companies to make progress towards our mission,” X.AI says on its website. It will also be vying with Google’s Bard technology and Anthropic’s Claude chatbot. X.AI, an artificial intelligence startup founded by Elon Musk, has filed with the SEC to raise up to $1 billion in an equity offering.

However, it would not do harm to follow the news for this information. As it is a privately owned company, you cannot buy xAI stock. Instead, investors can buy xAI stock alternatives among its competitors, invest in X (formerly Twitter) for second-hand exposure, or buy stock in Elon Musk’s other companies. EquityZen does not have an affiliation with, formal relationship with, or endorsement from any companies featured above. This profile is based on publicly available information and is intended to be informative in nature.

There’s currently no information about a potential X.AI Corp. stock symbol. It is easy to imagine that the company might use the ticker symbol “XAI” if it eventually gets listed on NYSE or NASDAQ. The price of Tesla stock increased considerably this year, growing by +85% from a low of $113 in January 2023 to $209 in January 2024.

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