Looking for the Next Palantir Stock? This New Artificial Intelligence (AI) Stock Is Up 150% in 2 Months

Artificial intelligence (AI) is likely to be one of the most transformative technologies in human history. The International Data Corp. (IDC) says AI will add $19.9 trillion to the global economy by 2030, and Grand View Research estimates spending on AI hardware, software, and services will increase at 36% annually during the same period.Many investors eager to capitalize on that once-in-a-lifetime opportunity have bought stock in Palantir Technologies (NASDAQ: PLTR), a software vendor that specializes in analytics. Two years ago, the company introduced AIP, a large language model orchestration tool that helps customers infuse generative AI across their businesses.Palantir's revenue growth has since accelerated in seven straight quarters, and its share price has advanced 1,500% since May 2023. That means $5,000 invested in Palantir two years ago would now be worth about $80,000. Few stocks generate that much wealth so quickly, but a newly public AI company recently rocketed out of the gate.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool