[Contrarian 2024] Red-Hot AI Darling Gets Too Popular

This is one of the annual picks that makes me nervous.

But it’s one of the most valuable exercises to do. 

That’s because trying to pick the most contrarian idea you can find forces you to go against the herd. 

And that ability is essential to investing success over the long run.

So working out that muscle is always good. 

And this year’s top contrarian pick is definitely against the herd.

It’s a red-hot stock that’s riding the AI wave with a company that has:

- A “BUY” rating from 94% of analysts covering it

- Expected revenue growth of 108%

- An official “Target Price” 120% higher than its current price

Everything is going right for this company.

But expectations have probably gotten too high. 

And we saw this movie last year in lithium.

At the time we saw:

“Everything has gone lithium’s way and pushed prices to historic highs. All of it’s about to change fast though.”

Since then lithium prices have fallen 80% or more.

This year’s top contrarian play looks and feels similar to that.

Click here to see the full research for yourself.

All the best,

Andrew Mickey
Executive Editor, Shareholder Intel Action