2 Magnificent Artificial Intelligence (AI) Growth Stocks Down More than 50% to Buy in 2024
Enthusiasm for the potential of artificial intelligence (AI) has helped push many companies, including Nvidia and , to new valuation highs, and there's a very good chance that this potentially incredible new tech trend will power even more gains for these tech titans. But not all AI-related stocks hit new highs in 2023 and there are still some leading AI players that trade at huge discounts compared to their previous peaks.
If you're looking to add AI stocks with explosive potential to your portfolio, read on to see why two Motley Fool contributors think you should invest in these top companies while they're stock prices are still down more than 50% from their respective highs.
Parkev Tatevosian: Palantir Technologies (NYSE: PLTR), one of the leading firms providing enterprise solutions using AI, has seen its share price fall 57% off the highs reached in 2021. The drop might be an opportunity for long-term investors to add shares of this excellent growth stock at attractive valuations.
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 134 Buy predictions and 2 Sell predictions.
With a target price of 449 € there is a slightly positive potential of 4.13% for Microsoft Corp. compared to the current price of 431.2 €.
