This Cathie Wood Artificial Intelligence (AI) Stock Crushed 2023. Here's Why I think It'll Do It Again in 2024.
Technology stocks dominated 2023. The "Magnificent Seven" helped send the Nasdaq soaring over 40% last year as themes in artificial intelligence (AI) began to take shape.
While megacap companies such as Microsoft, , Nvidia, and Amazon have become synonymous with AI, savvy investors should understand that there are myriad opportunities beyond big tech. One of the more subtle winners last year was a Cathie Wood favorite, Palantir Technologies (NYSE: PLTR). While the data analytics business has long been viewed as a glorified government contractor, I see things a bit differently.
2023 was a milestone year for Palantir for several reasons. Let's explore the company's progress, and why 2024 could be even more lucrative.
Source Fool.com
Alphabet Inc. A Stock
€156.12
0.440%
With 79 Buy predictions and not a single Sell prediction Alphabet Inc. A is an absolute favorite of our community.
With a target price of 162 € there is a slightly positive potential of 3.77% for Alphabet Inc. A compared to the current price of 156.12 €.
