Investment Insights on AI Stocks
With just $1,000 available for investment, three artificial intelligence (AI) stocks are highlighted as strong potential opportunities. Palantir Technologies (NASDAQ: PLTR) reported fourth-quarter revenue of $1.41 billion, a 70% increase year-over-year, and a net income of $609 million, showcasing a 43% profit margin. The company closed 180 deals valued at over $1 million, totaling a record $4.26 billion in contract value, a 138% rise from the previous year.
Nvidia (NASDAQ: NVDA), noted for its advanced graphics processing units (GPUs), has experienced significant growth, becoming the world’s largest company by market capitalization. Its latest earnings report indicated that cloud GPUs were sold out ahead of the release of next-generation chips, with expectations for a strong fiscal fourth quarter report on February 25.
Alphabet (NASDAQ: GOOG) reported $15.15 billion in revenue from its Google Cloud division for the third quarter, marking a 33% year-over-year increase, and $74.18 billion from internet advertising. The company is also expanding its market presence with its Tensor Processing Units (TPUs), including partnerships that could significantly increase cloud utilization.
