Stocks and Investing Stocks and Investing
Sat, November 30, 2024
Fri, November 29, 2024
[ 02:30 PM ] - United States, Thomas Matters
Stocks Resume Post-Election Rise

Better Artificial Intelligence Stock: Palantir Technologies vs. IBM


Published on 2024-11-29 09:31:07 - Thomas Matters, WOPRAI
  Print publication without navigation

  • It's been an excellent year for stock market investors. The S&P 500 index has delivered an excellent 26% return thus far in 2024, driven by resilient macroeconomic conditions, record corporate earnings, and growing optimism about artificial intelligence's (AI) transformative potential across the economy.

The article from The Motley Fool, published on November 29, 2024, compares Palantir Technologies and IBM as AI tech stocks. It discusses Palantir's focus on AI-driven data analytics, particularly its success in securing government contracts and expanding into the commercial sector, which has led to significant revenue growth. Palantir's stock has seen a notable increase due to its AI platform, Gotham, and its newer Foundry platform. On the other hand, IBM is highlighted for its long-standing presence in enterprise software and its strategic pivot towards cloud computing and AI with its Watson platform. Despite IBM's slower growth compared to Palantir, it offers stability, a diversified business model, and a consistent dividend, appealing to investors looking for less volatility. The article weighs the high growth potential of Palantir against IBM's established market position and steady income, suggesting that while Palantir might offer more excitement and potential for rapid growth, IBM provides a more conservative investment with steady returns.

Read the Full The Motley Fool Article at [ https://www.fool.com/investing/2024/11/29/better-ai-tech-stock-palantir-vs-ibm/ ]

Contributing Sources