Missed Out on Nvidia? 2 Artificial Intelligence (AI) Stocks to Buy in December
As 2023 comes to an end, we close the chapter on one of the most exciting times for the technology industry in recent memory. After its launch late last year, OpenAI's conversational chatbot, ChatGPT, sparked a tidal wave of interest in generative artificial intelligence (AI) that sent the chipmaker Nvidia's revenue and share price soaring. But as the industry begins to mature, look to see new companies benefit from this burgeoning opportunity.
Let's discuss why Palantir Technologies (NYSE: PLTR) and Advanced Micro Devices (NASDAQ: AMD) could make excellent buys in December and beyond.
While Palantir Technologies still trades at a sharp discount to its all-time high of $39, reached in early 2021, its future looks brighter than its past. Management has fleshed out a convincing plan to incorporate generative AI into the company's existing data mining business, and burgeoning profitability is icing on the cake for investors.
Source Fool.com
Advanced Micro Devices Inc. Stock
The stock is one of the favorites of our community with 81 Buy predictions and 2 Sell predictions.
With a target price of 176 € there is a positive potential of 34.85% for Advanced Micro Devices Inc. compared to the current price of 130.52 €.
