2 Artificial Intelligence (AI) Stocks Down 13% and 58% You'll Regret Not Buying on the Dip
Accelerating interest in the potential of artificial intelligence (AI) has been a major spark for the stock market in 2023. While it's far from being the first hot tech trend to get investors revved up, it would be an absolute mistake to write off this year's AI explosion as a flash in the pan.
The AI revolution has only just begun, and it stands to deliver incredible profits for those who back the right companies. With that in mind, read on to see why two Motley Fool contributors think investors can score wins by building positions in promising AI stocks (NASDAQ: GOOG)(NASDAQ: GOOGL) and Palantir (NYSE: PLTR).
Parkev Tatevosian (Alphabet): Given all the hype around AI already this year, it isn't easy to find discounted stocks that will benefit significantly from the technology's potential. Market participants quickly pounced on all sorts of companies that utilize AI. Alphabet stock, for instance, is trading about 13% off its all-time high. And yet, the stock is still an excellent value right now.
Source Fool.com
Alphabet Inc. A Stock
With 97 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 179 € there is a slightly positive potential of 19.62% for Alphabet Inc. A compared to the current price of 149.64 €.
