In today’s accessible investment world, the stock market is a potentially lucrative option. We will provide you with the essential information and a step-by-step process to buy X.AI stocks, one of the most sought-after AI stocks, X.AI.
Summary
X.AI is a private AI company founded by Elon Musk, not yet publicly traded but valued at over $29 billion based on industry estimates. For investors seeking AI exposure, alternatives like NVIDIA, Microsoft and Alphabet are recommended. eToro emerges as the top platform for AI stocks and ETFs based on its security, fees and asset selection.
X.AI Stock Key Metrics
- XAI was founded in 2023 by Elon Musk
- The company has funding from private sources including Musk
- XAI is rumored to have thousands of Nvidia GPUs powering its AI
- Leadership includes experts from DeepMind, OpenAI and Google Research
- XAI aims to compete with and potentially surpass ChatGPT
- Estimated valuation exceeds $29 billion based on industry projections
- Mission is to advance AI tech and create open-source solutions
- Not currently publicly traded but considered likely to IPO in future
- Trading volume of XAI token was $38,960 in last 24 hrs
- XAI token price is down 35% in last 24 hrs to $0.175
About X.AI
Founded by Elon Musk, X.AI is a private artificial intelligence company aiming to “understand the true nature of the universe”, according to its mission statement. With backing from Musk himself and other private funding sources, X.AI has assembled an expert team from leading AI firms like DeepMind, OpenAI and Google Research.
The startup is rumored to be building a powerful AI language model supported by thousands of GPUs from Nvidia. The goal is to propel advancements in deep learning and potentially rival ChatGPT. X.AI appears positioned to disrupt the AI sphere through its focus on open-source solutions and public accessibility.
While still private, X.AI’s reported progress and backing suggest its valuation likely exceeds $29 billion. However, no precise data is available publicly. Industry analysts widely believe X.AI has intentions to eventually pursue an IPO once its technology matures. For now, it seems content advancing its R&D privately.
Can I Buy X.AI Stocks?
Since X.AI remains a private company, direct investment in its stock is not currently possible. The company has made no announcements regarding going public or launching an IPO at this time.
Once it is listed publicly, which many experts anticipate happening given its high upside, investors will be able to directly trade X.AI shares. However, the timeline for its public debut is unknown.
Best Public Companies for AI Exposure
Though X.AI itself is not purchasable, various public companies provide solid exposure to the high-growth AI sector:
NVIDIA (NVDA)
As the leading supplier of processing hardware and GPUs for AI, Nvidia enables much of the AI research and data center infrastructure today. Its graphics chips now power cutting-edge AI applications.
Microsoft (MSFT)
With its 49% stake in OpenAI and extensive cloud computing services and platforms, Microsoft is heavily invested in AI and machine learning technology. It also emphasizes ethical AI development.
Alphabet (GOOGL)
Google’s parent company Alphabet offers advanced AI through services like Google Cloud, TensorFlow and its machine learning APIs. Its search engine prowess provides data analytics abilities.
Through secure online brokers like eToro, investors can buy shares of these public AI leaders. This provides exposure to AI’s growth rather than waiting indefinitely for an X.AI IPO.
How to Buy X.AI-Related Stocks
For investors seeking involvement with AI stocks, eToro emerges as the premier platform based on its regulatory compliance, asset selection, and usability:
Step 1) Create a free eToro account and verify your identity.
Step 2) Deposit funds into your account via wire transfer, e-wallet services, or debit/credit card.
Step 3) Use the search bar to find stocks like NVIDIA, Microsoft or Alphabet.
Step 4) Click “Trade” then enter your invested amount and set stop losses/take profit levels.
Step 5) Review and confirm your order details and complete the purchase.
Step 6) Monitor your newly acquired assets directly on the eToro platform.
Key Advantages
- FCA, CySEC, FinCEN regulated for security
- Intuitive mobile and web trading platforms
- Access to major AI stocks, ETFs and indices
- Social trading features to copy successful investors
- Virtual portfolio tool to practice risk-free
By following this process, eToro offers a straightforward method to invest in elite AI companies. While not a direct investment in X.AI, purchasing industry leaders allows exposure to artificial intelligence’s enormous potential.
The Bottom Line
In summary, X.AI is an intriguing private AI firm with no currentpublic stock availability. However, alternatives exist throughmarket giants like NVIDIA and Microsoft, accessible viaregulated brokers like eToro. Though an X.AI IPO could eventuallyprovide direct access, investing in related public companiesallows you to capitalize on AI’s upside in the interim.
FAQs
Is XAI stock publicly traded?
No, XAI is currently a private company so its stocks are not available to the public.
What is XAI’s valuation?
While precise data is unavailable, industry estimates put XAI’s valuation above $29 billion.
Who founded XAI?
XAI was founded by renowned tech entrepreneur Elon Musk.
When will XAI go public?
There is no definitive timeline, but many experts think XAI will pursue an IPO once its technology matures more.
