The stock market is sending mixed signals, leaving investors scrambling for clarity. While the tech giants like Nvidia continue to dominate the headlines, a “buy now” signal is flashing on a much smaller player that could be the next big AI winner.
This signal isn’t some cryptic message hidden in the charts. It's a confluence of events and analysis that have our expert network, including Chris Johnson of Money Morning, pounding the table on this stock.
I’m talking about SoFi Technologies (SOFI) – a banking and fintech company that’s quietly making waves in the artificial intelligence space. While the stock has struggled this year, dropping from nearly $10 to close to $8 last month, recent developments indicate a powerful reversal is on the horizon.
SoFi Technologies (SOFI)
SoFi is more than just another banking app. They’ve been strategically positioning themselves at the forefront of the AI revolution. Their Galileo platform, for example, is a key player in powering the backend of countless fintech apps, many of which are beginning to utilize AI to personalize services and enhance their offerings.
But the real reason SOFI is flashing “buy now” is thanks to the upcoming Fed rate cuts. As Chris Johnson explains in his Money Morning article, “5 Stocks Ready for Action Before Friday’s Jobs Report,” lower rates will be a major catalyst for companies like SoFi. Why? Refinancing. (Read Chris's full analysis here.)
Existing loans written at higher rates, especially in the personal and student loan space where SoFi dominates, will finally get some relief as interest rates fall. This means consumers can refinance at much lower payments, avoiding default and boosting SoFi’s bottom line.
But it's not just the financials that are exciting; SOFI is also showing bullish technical indicators. The stock recently broke above $8 for the first time since February, breaking out of its long-term bearish trend.
This confluence of events — the AI boom, the strategic positioning of SOFI in the fintech space, and the upcoming Fed rate cuts — make SoFi Technologies a compelling buy opportunity right now.
Don't miss out on the chance to get in early on what could be the biggest AI stock nobody is talking about. Download our free report on SOFI and discover why this $9 stock could be the next big market winner!
Tomorrow, we're tackling inflation head-on with a powerful watchlist that will have you turning fear into monthly profits.
