So I'm scouring the internet, see $NIO+12.8% up another +3% in the premarket, and an article pops up asking Google Bard about $NIO'+12.8% s share price performance in the coming years. Let's take a quick look at it.
NIO
NIOFor Chinese electric car maker Nio, Bard forecasts a share price in the range of $10 to $12 at the end of 2023, which is 29% to 55% higher than the current price level.
Bard's forecast, which indicates significant upside potential for Nio stock, is based on three key factors: strong demand for EVs in China, Nio's expanding product lineup, and improved profitability.
"China is the world's largest market for electric vehicles and demand is expected to continue to grow in the coming years. Nio is one of the leading EV manufacturers in China and is well positioned to benefit from this growth." predicted Google Bard.
And this is how he sees it by 2034 (table below). What do you think? And what do you even say about this crazy time when AI is predicting our stock prices? 😄
Then I have to average it a lot, otherwise I'll be "break even" in 5 years... :-D
AI can be a scary self-fulfilling prophecy. If more and more people trust it to make their picks, it will start moving the market wherever it wants, based on it's predictions.
Now I wouldn't completely trust the AI just yet, but those numbers don't look unrealistic.
This may be the most reasonable prediction I've seen for this company. Maybe Twitter experts at wishe see it at $50-100 by 2030 for an idea. I guess AI can win here.
I wouldn't put much weight on it, but over time the AI here will put us in the pocket and we won't need any more portfolio managers, fund managers, analysts and probably not even index investing if someone gives you accurate investment tips and evaluates all the pros and cons.