2024-02-12 05:30:00 ET
The stock market is surging. Economic data has been coming in better than expected, and many influential companies have been posting robust financial results that are flashing positive signals and sending valuations higher. With expectations that the Federal Reserve will begin cutting interest rates this year, the stars could be aligning for a sustained bullish run.
But even though the new bull market has helped send share prices to record levels for some high-profile companies, there are some great stocks out there that still trade far below their previous valuation highs. If you're looking for investment opportunities that can help you get in position for a bull run, read on to see why two Motley Fool contributors identified these artificial intelligence (AI) growth stocks as top buys.
Parkev Tatevosian (Palantir Technologies): Thanks to strong business results and excitement for AI stocks, Palantir Technologies ' (NYSE: PLTR) stock is soaring. Nevertheless, it presents an attractive opportunity for long-term investors looking for a growth stock at a reasonable valuation. Even after tripling in value over the past year, Palantir stock remains down 38% off all-time highs hit in early 2021.
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A Bull Market Is Here: 2 Artificial Intelligence (AI) Growth Stocks Down 38% and 44% to Buy Right Now