A Bull Market Is Coming: 1 Magnificent AI Growth Stock to Buy Hand Over Fist and Hold Forever
2022's historic market downturn gave way to a solid rebound in 2023 for many stocks. The S&P 500 is up 20% from last year's bear market trough and is currently consolidating before attempting new heights. That next run-up could come sooner than expected, as the index currently sits just 6% below its all-time high (as of this writing). That would check the final box confirming the onset of another bull market.
There's a compelling argument that the catalyst for this year's recovery is the introduction of the next generation of artificial intelligence (AI), which promises significant productivity gains. This potential lit a fire under companies with knowledge in the field and few have amassed more AI expertise than Palantir Technologies (NYSE: PLTR). That said, the stock has yet to recover from its bear market battering and is still 56% off its high.
This represents a compelling opportunity for shrewd investors. The accelerating adoption of AI resulted in growing demand for Palantir's services, which is why investors should be buying this stock hand over fist before the bull market begins its next big run.
Source Fool.com
