The AI sector is in the midst of a major correction. After an epic rally fueled by the promise of massive growth and trillion-dollar markets, investors are starting to hit the “sell” button. Just look at what happened to Nvidia (NVDA) last week. Even an incredible earnings beat wasn't enough to stop the selling.
But let me tell you something… This AI pullback is an absolute gift.
The long-term story for AI hasn't changed. In fact, with every passing day, the power and potential of AI are becoming more and more apparent. This tech revolution is only just getting started.
My colleague Shah Gilani at Total Wealth Research agrees. He pointed out in his weekly video update that the market is starting to “shrug off” the Nvidia selloff (watch the video here). That's because savvy investors know that Nvidia is not the only game in town. There are literally hundreds of smaller, lesser-known AI stocks primed to explode higher as this market grows.
Today, I want to tell you about one such AI stock that just landed on my BUY NOW list. And while it's true that most traders have never heard of this company, I believe this play has the potential to 3X from current levels, especially once market sentiment shifts back in favor of high-growth AI companies.
Coupang (CPNG): AI-Powered E-Commerce Set to Explode
Coupang (CPNG) is a South Korean e-commerce company that is leveraging the power of technology and artificial intelligence to revolutionize how people shop online. They're well-known for their lightning-fast delivery service (think same-day and next-day delivery) and their wide selection of products, which includes everything from groceries to electronics. They're basically the Amazon of South Korea, but many believe they're even better.
Here's what's really exciting… CLSA analyst Brian Lee recently upgraded Coupang to a “Buy,” issuing a price target of $31. That's nearly 70% higher than where the stock is currently trading. Lee is forecasting revenue growth of 17% per year over the next 5 years, and believes Coupang is on the way to capturing a dominant 35% market share in Korea.
Coupang is using AI to improve every part of its business, from offering personalized product recommendations to optimizing its supply chain. For instance, the company has deployed a fleet of delivery robots in key cities to reduce costs and further accelerate its delivery speeds. What's more, Coupang’s AI-powered logistics system analyzes real-time data to ensure that customers always get their orders on time, leading to a 99.9% delivery success rate!
Here’s why I love this play from a technical standpoint…
- Fresh Daily Squeeze: Recently, CPNG has experienced a “squeeze” – a period of low volatility where prices coil up like a spring. These squeezes often precede massive price movements, and I'm expecting a huge breakout to the upside once market sentiment shifts back in favor of AI.
- Stacked EMAs: Coupang's exponential moving averages are all trending higher and pointing to a sustained rally.
- Breaking 52-Week Highs: The strong momentum is already building. Last week, Coupang smashed through its 52-week high, indicating strong buying pressure.
- Remarkable Relative Strength: Even as the market selloff on Tuesday, Coupang surged 8% higher. This reveals strong demand for this stock, even as investors are selling off other tech companies.
Your Action Plan:
Coupang (CPNG) is a top idea for this week. I'm looking to enter via call options anytime we have a pullback in price. My target is $31.
Tomorrow I'm going to show you how a little-known “Oppenheimer Project” could revolutionize the energy sector and create massive opportunities for AI investors. Stay tuned!
