Artificial intelligence (AI) took the investing world by storm. Let’s be real. Is there a lot of hype? Sure. Will many of the current hot names end up in the dustbin of history? Probably. But will AI have a huge impact on productivity and the economy and create long-term winning stocks? Absolutely! The key is not to put every egg in one basket and choose investments intelligently. As Peter Lynch (one of the most successful investors ever) said, “Know what you own and why you own it.”
Palantir Technologies (NYSE: PLTR) and SoundHound AI (NASDAQ: SOUN) are two hugely popular names. SoundHound stock exploded on the news that Nvidia (NASDAQ: NVDA) has a small stake. Palantir proved many skeptics wrong by posting five straight quarters of net income in accord with generally accepted accounting principles (GAAP). I’ll explore both companies below.
Is Palantir a good stock to buy?
Palantir is…
