PLTR - 2 Artificial Intelligence (AI) Stocks to Buy Hand Over Fist Before They Soar by More Than 100% According to Consensus Wall Street Estimates
2024-07-11 05:55:00 ET
Since the launch of OpenAI's famous chatbot ChatGPT, artificial intelligence (AI) seems to have taken the world by storm. AI technologies are being increasingly adopted across a host of industries including automotive, healthcare, finance, and retail to improve operational efficiencies, productivity, decision-making, and overall customer experience. According to a report by Fortune Business Insights, the global AI market is expected to balloon from $621.2 billion in 2024 to nearly $2.74 trillion in 2032.
AI is not a passing trend. With this transformative technology impacting numerous aspects of our daily lives, it has also emerged as a major investment theme. Many AI-powered stocks have already seen dramatic gains in the past couple of years.
However, investors now need to pick stocks that can continue to grow in the coming years, based on their superior technologies and strong fundamentals. Here's why Nvidia (NASDAQ: NVDA) and Palantir Technologies (NYSE: PLTR) fit the bill.
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2 Artificial Intelligence (AI) Stocks to Buy Hand Over Fist Before They Soar by More Than 100%, According to Consensus Wall Street Estimates