The Best Artificial Intelligence (AI) Stock to Buy, According to a Wall Street Analyst -- No, It's Not Nvidia
Many investors consider Nvidia (NASDAQ: NVDA) the quintessential artificial intelligence (AI) stock because the chipmaker dominates the market for machine learning processors. Other investors might choose stocks like Amazon or because most AI workloads will probably run in the cloud.
Wedbush Securities analyst Dan Ives has a different take. He recently told CNBC that Palantir Technologies (NYSE: PLTR) is "the best pure-play AI name." He admitted the company has a lot to prove, but he thinks his conviction will be borne out as Palantir begins to monetize its new Artificial Intelligence Platform (AIP) product.
Most Wall Street analysts are decidedly less bullish. In fact, Palantir currently has more sell recommendations than buy recommendations, and the median 12-month price target of $18 per share implies just 2% upside from its current price.
Source Fool.com
Microsoft Corp. Stock
With 111 Buy predictions and 3 Sell predictions Microsoft Corp. is one of the favorites of our community.
As a result the target price of 425 € shows a slightly positive potential of 13.56% compared to the current price of 374.25 € for Microsoft Corp..
