Netflix, Inc. (NFLX) Becomes Corient IA LLC’s 4th-Largest Holding

Netflix, Inc. (NASDAQ:NFLX) is among the best stocks to buy now according to AI. Corient IA LLC has increased its stake in Netflix, Inc. (NASDAQ:NFLX), making the stock its fourth-largest holding. With the purchase of 1,648 shares worth approximately $1,537,000, the streaming giant now represents 1.1% of the firm’s investment portfolio.

Netflix, Inc. (NASDAQ:NFLX) has recently found itself in a heated debate. While the advocates highlight the company’s robust revenue growth, record-high operating margins, and unmatched content efficiency, the bears are of the view that the company’s premium valuation multiple ignores declining viewership and increased dependence on price hikes.

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With intensifying competition from Amazon Prime Video, Disney+, and Apple TV+, it’s crucial for Netflix, Inc. (NASDAQ:NFLX) to maintain its market capitalization through sustained innovation and a continued emphasis on content creation. As long as the entertainment powerhouse continues to support initiatives like local for local strategy and Netflix Houses, we have a good reason to believe in the stock.

Netflix, Inc. (NASDAQ:NFLX), headquartered in California and founded in 1997, is an entertainment service provider. The company’s core offerings include television (TV) series, documentaries, feature films, games, and streamed content, accessible through a range of internet-connected devices.

While we acknowledge the potential of NFLX to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NFLX and that has 100x upside potential, check out our report about this cheapest AI stock.

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