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These stocks are on fire, but that doesn't mean they're good buy-and-hold investments today.
Stocks that have any exposure to artificial intelligence have been on first lately, and Nvidia (NVDA 6.18%), Meta Platforms (META 0.43%), and Adobe (ADBE 0.87%) have been three of the biggest winners. But with so much growth priced in, Travis Hoium thinks the market is overheated, and it's time to sell.
*Stock prices used were end-of-day prices of June 21, 2023. The video was published on June 25, 2023.
Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe, Meta Platforms, and Nvidia. The Motley Fool recommends the following options: long January 2024 $420 calls on Adobe and short January 2024 $430 calls on Adobe. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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