Better Artificial Intelligence (AI) Stock: Palantir Technologies vs. Microsoft
Palantir Technologies (NYSE: PLTR) and (NASDAQ: MSFT) have enjoyed divergent fortunes on the stock market in 2024 so far, with one of these names recording significant gains while the other one is putting up a disappointing performance so far.
More specifically, Palantir stock has shot up 75% in 2024. Microsoft, on the other hand, is up just 8% this year, with shares of the company retreating in the past month following a promising first half.
What's worth noting here is that both Palantir and Microsoft have been counting on artificial intelligence (AI) to drive their growth. The good part is that both companies have witnessed an acceleration in their businesses thanks to the growing adoption of this technology. However, if investors have to choose one of these AI plays for their portfolios right now, which one should they buy?
Source Fool.com
Microsoft Corp. Stock
The stock is one of the favorites of our community with 109 Buy predictions and 2 Sell predictions.
With a target price of 426 € there is a slightly positive potential of 12.22% for Microsoft Corp. compared to the current price of 379.6 €.
