2 Potentially Explosive Stocks to Buy in November
Investing in companies that are developing world-changing technologies can lead to life-changing returns. Here we'll look at a company involved in artificial intelligence (AI) software, and another business making a splash in the electric car market that could deliver tremendous returns over the long term.
Palantir Technologies (NYSE: PLTR) is a leading software developer that helps organizations analyze massive amounts of data to make better decisions. The stock tripled from last year's lows, but the recent acceleration in revenue and profits could bode well for investors in 2024.
Like many other tech companies, Palantir experienced slower revenue growth earlier this year amid macroeconomic headwinds. What seemed to be holding the stock back more than anything else was weak profitability. But in early May the stock took off after Palantir said it expected to be profitable each quarter through the end of the year, and it hasn't looked back.
Source Fool.com
