Q: This stock dropped 29%, Monday, along with several other names after Chinese app news.
Is it a good opportunity to start a new position or wait for a further pullback ?
How is the AI related business risk to its growth profile, compared to other names in the sector ?
Thank You
Is it a good opportunity to start a new position or wait for a further pullback ?
How is the AI related business risk to its growth profile, compared to other names in the sector ?
Thank You
5i Research Answer:
We would be prepared for heightened volatility, but we would be OK 'starting' a position. In this market we do not see the need to buy all at once. It is earnings season as well, which may add to volatility. CLS reports tomorrow.