2024-01-21 06:40:00 ET
Artificial intelligence (AI) has helped push tech giants, including Microsoft and Nvidia , to new valuation highs and lifted the performance of the stock market at large. On the other hand, not every company with powerful strengths and attractive long-term opportunities in the space has rocketed to new valuation peaks.
Even though the S&P 500 index is now trading in the neighborhood of record highs, some promising players in the AI revolution are still sitting at deeply discounted levels -- and investors who back the right ones could score massive returns.
With that in mind, read on to see why two Motley Fool contributors think investing in Palantir (NYSE: PLTR) and The Trade Desk (NASDAQ: TTD) is a smart move while the stocks are still trading down big from their highs.
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2 Stocks Down 43% and 58.5% to Buy Right Now