Artificial intelligence (AI) has become a buzzword in 2023 and for good reason. According to research from the McKinsey Global Institute, generative AI has the potential to increase global corporate profits by $4.4 trillion annually.

Unsurprisingly, AI stocks also stand to benefit dramatically in the case of a potential bull market. Although no one can definitively tell whether we are currently in a bull market or not, investors focused on generating long-term wealth can consider buying small positions in promising AI stocks such as Palantir Technologies (NYSE: PLTR) and (NASDAQ: MSFT).

Here's why shares of these companies are well-positioned to soar even higher in the coming months.

Continue reading

Source Fool.com