Top 3 Most Over-Hyped AI Stocks to Sell in April 2023

Here are the top 3 most over-hyped AI stocks to sell in April of the year 2023 for good

Following the debut of ChatGPT, a chatbot that quickly captured public attention, artificial intelligence has been thrust back into the spotlight. AI companies have returned to the spotlight for investors for AI stocks after a multi-year hiatus during which cryptocurrencies were viewed as the next investment opportunity. In this article, we have discussed the top 3 most over-hyped AI stocks to sell in April of the year 2023 for good. Read to know about these AI stocks to sell in April 2023 in detail.

Top 3 Stocks to Watch in April

Below is the list of the most over-hyped AI stocks

Baidu (BIDU) and its Ernie Bot

Baidu (BIDU), a Chinese-based search engine company, is the front-runner to compete with its overseas OpenAI rival. Baidu's chatbot, Ernie bot, was launched by the company's CEO on March 16th, displaying a wide range of functionality in a pre-recorded presentation. While investors were initially disappointed by the lack of live presentations, the product's hype has remained, with early testers reporting positive results.

Alteryx (AYX) and its Datasets

Alteryx (AYX), which was already a growth stock potential before ChatGPT's entry, appears prepared to cash in on the AI gold rush. Using software solutions that include graphs, infographics, trends, and other data-driven information from multiple sources to guide corporate choices and automate procedures, the data analytics services provider offers a range of services.

Google (GOOGL) and Anthropic

Following ChatGPT's sudden success, Alphabet, Google's parent company declared a "code red" in February out of fear of losing its leading position as a data-driven search engine company. The code red resulted in a $300 million investment in Anthropic, an AI startup that used some Google services, despite Google being three years behind Microsoft's $1 billion investment in OpenAI.

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