Published on 20 Jul 2024 on Insider Monkey · via Yahoo Finance
10x Genomics, Inc. (TXG): Hedge Funds Think This Stock Will Skyrocket
We recently compiled a list of the 10 Stocks That Will Skyrocket. In this article, we are going to take a look at where 10x Genomics, Inc. (NASDAQ:TXG) stands against the other stocks.
The primary lure of investing, as you're likely to know, is to make money. Every day thousands of investors pour into the market to pick out what they believe will be winners to make them rich. And, the market delivers as well. This has been quite clear in 2024, with the hype surrounding artificial intelligence having delivered previously unthinkable returns. Wall Street's favorite AI stock, the chipmaker that's responsible for providing the industry with GPUs to run AI workloads, has gained a whopping 636% since ChatGPT was released in November 2022. This stock ranks 4th in our list of Analyst Says These 10 AI Stocks Have More Upside Potential, so if you haven't guessed by now, then do take a look.