1 Artificial Intelligence (AI) Stock With 75% Upside to Buy Hand Over Fist, According to Dan Ives
Last year, the Nasdaq Composite and S 500 both experienced significant rebounds after dismal performances in 2022. One of the main tailwinds last year was a rising interesting in artificial intelligence (AI).
This momentum has continued this year with the Nasdaq and S 500 returning 18% and 15%, respectively, so far. Although mega-cap technology stocks in the "Magnificent Seven" have generated particularly strong returns, there are some smaller players emerging as interesting opportunities.
Enterprise software company Palantir Technologies (NYSE: PLTR) has been one of the biggest winners of the AI movement so far. Shares have gained 66% so far in 2024, and research analyst Dan Ives of Wedbush Securities thinks there's a lot more room for the stock to run.
Source Fool.com
