A few AI stocks are going to take the hit even though AI is expected to grow from the current $1 trillion to $14 trillion

Artificial Intelligence, off-late is experiencing a slump in the stock market performance. Blame it on an overall decline in the macroeconomic conditions with inflation touching an all-time high and the Federal Reserve signaling a series of interest rate hikes, a few AI stocks are going to take the hit even though experts are projecting its growth from the current $1 trillion to $14 trillion. Here is the list of top 10 worst performing AI stocks to put under the radar in 2022.

BigBear.AI

The share price of this AI analytics company crashed by 20% in the month of March, ie., even before the markets saw the fall. Currently valued at 1.5300, it has lost a significant volume since April, when it was valued at 12.3, the highest this year.

Upstart

It is an AI-powered fintech company, which collects far more data about prospective borrowers than traditional credit models, and depends on AI to make sense of that information. For the worsening macroeconomic conditions, the stock price fell by more than 50% and when management lowered guidance, it came down to 93% of its all-time high.

C3ai

This company's stock is categorized as volatile. Initially, it had good performance with investors looking for exposure to the artificial intelligence sector, because of its product line that is customizable for 11 different industries. Because of its inherent risks, C3ai's stock price has come down to 88% from its all-time high.

Robo Global

An index, advisory, and research company that offers advisory services for investors to identify investment opportunities in fast-growing robotics. With an all-time high of 48.64 at the beginning of the year, it has reached its current value of 29.738, thanks to inflationary tendencies.

 AITX (Artificial Intelligence Technology Solutions)

With three subsidiaries, Robotic Assistance Devices Inc, Robotic Assistance Devices Group, Inc., and Robotic Assistance Devices Mobile, Inc.), which invent, build, and deploy solutions to make purpose build hardware, cloudware, mobile software, etc. Sliding from its all-time value of 0.0228 in January to its current value of 0.0114, this artificial intelligence company has taken a major hit in terms of its valuation.

Micron Technologies, Inc

Following the recent Federal Reserve Chairman's unflinching decision to keep monetary policy tight for the coming few months, this AI-based chip-making company. While it held an all-time high value in the current year at 97.36 in January, its value tanked from 61.10 on Aug 25^th to the current 57.63.

Verint Systems, Inc

An AI company that leverages artificial intelligence and analytics in helping companies with customer engagement, its stock reached its peak value in May and has declined to 49.35. Even though the decrease seems minute in terms of value, given the pace at which it has gained value it is of significant concern, particularly in the midst of a looming global recession.

Baidu AI

The very popular Chinese search engine company, promoted by Robin Li as an AI driver in China, has been having a pretty bad time with its stocks plummeting from an all-time high of 283.46 in Feb 2021 to the current value of 147.71.

AIM (AI media technologies)

It is a media-tech company specializing in AI-driven live and recorded captioning, transcription, and translation products. Its peak value having reached a recent low of 0.34, is showing a short-term bullish trend with a value hovering at around 0 .35. Given its price history, experts predict a bearing trend in the long term.

DocuSign Inc.

Though experts expect double-digit revenue growth in the coming 2023 and 2024, it has seen a downturn of about 56% through July 8. This company provides e-signature solutions, and CLM to automate workflows for the agreement process using insights garnered from AI.