Palantir vs. Alphabet Stock: Wall Street Says Buy One and Sell the Other

Artificial intelligence (AI) has been the driving force behind the stock market's gains since the bottom of the recent bear market in October 2022. Breakthroughs in generative AI's capabilities created a lot of excitement about the potential of new uses for AI within businesses.Palantir Technologies (NASDAQ: PLTR) found immense value in using AI within its data mining software and has rapidly grown the number of customers using it. That resulted in strong operating results and a soaring stock price. Meanwhile, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) benefited from increased investment in AI development through its Google Cloud platform while strategically integrating generative AI into its core search product. Investors rewarded the stock, nearly doubling its value since the start of 2023.But past performance isn't an indicator of future results, as the saying goes. And Wall Street analysts only expect one of these stocks to keep climbing higher over the next 12 months.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool