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Stock impact report

1 Magnificent AI Stock Smart Investors Are Adding to Their Portfolios (Hint: It's Not Palantir) [Yahoo! Finance]

Palantir Technologies Inc. Class A (PLTR) 
Company Research Source: Yahoo! Finance
becoming the largest company in the world by market capitalization. Another example is Palantir , which is up a whopping 283% year to date due to the rapid adoption of its AI tools across the United States government and big business. While it might be exciting to chase these fast-running AI stocks, smart investors know it is a dangerous game. That is why hedge fund managers such as Bill Ackman and Charlie Munger protege Li Lu own large stakes in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to play the AI boom. The big tech stock is crushing it with new AI innovations, leading to strong revenue and earnings growth. And yet, the stock is underperforming the S&P 500 in 2024. Are You Missing The Morning Scoop? Breakfast News delivers it all in a quick, Foolish, and free daily newsletter. Sign Up For Free » Should you add Alphabet stock to your portfolio? Today, many investors know about OpenAI and its ChatGPT products. But did you know that its underlying technology was invented by Al Show less Read more
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