1 Artificial Intelligence (AI) Stock Down 75% to Buy Hand Over Fist in June
Lemonade (NYSE: LMND) has been developing artificial intelligence (AI) since 2015, long before the technology captivated Wall Street a couple of years ago. The company is using AI to transform the insurance industry by writing quotes in seconds, and paying claims in minutes instead of days or weeks.Lemonade has attracted over 2.5 million customers so far across its homeowners, renters, life, pet, and car insurance products, and the company has outlined a plan to grow its business tenfold over the next decade. Lemonade stock is down 75% from its record high set during the tech market frenzy in 2021. It was unquestionably overvalued back then, but it's now trading at an attractive level in light of the company's growth and its future potential. Here's why the stock could be a great addition to any diversified portfolio right now.Continue reading
Lemonade (NYSE: LMND) has been developing artificial intelligence (AI) since 2015, long before the technology captivated Wall Street a couple of years ago. The company is using AI to transform the insurance industry by writing quotes in seconds, and paying claims in minutes instead of days or weeks.
Lemonade has attracted over 2.5 million customers so far across its homeowners, renters, life, pet, and car insurance products, and the company has outlined a plan to grow its business tenfold over the next decade.
Lemonade stock is down 75% from its record high set during the tech market frenzy in 2021. It was unquestionably overvalued back then, but it's now trading at an attractive level in light of the company's growth and its future potential. Here's why the stock could be a great addition to any diversified portfolio right now.
