It’s never a good time to buy an overvalued stock, as you certainly know already. Here is a list of Morningstar’s five most overvalued stocks, based on its analysts’ estimates of fair value. The commentary comes from Dave Sekera, Morningstar’s chief U.S. market strategist. The stocks are listed in order of overvaluation, with the most overvalued first.
Squarespace (SQSP) - Get Free Report, which provides website-building software tools and hosting services, mostly for small, start-up businesses. Morningstar moat (durable competitive advantage) rating: none. Morningstar fair value…
Elon Musk is working on an alternative to OpenAI’s popular chatbot ChatGPT that is a “maximum truth-seeking AI” he calls “TruthGPT”. In an interview on Monday with Fox News host Tucker Carlson, the Twitter chief said the AI will try to “understand the nature of the universe” and might be the “best path to safety” as it is “unlikely to annihilate humans”.
The multibillionaire criticised OpenAI – a software non-profit he helped found – for training its AI ChatGPT “to lie”, claiming the company has become…
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