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As far as megatrends are concerned, artificial intelligence (AI) is the biggest theme fueling excitement in the technology sector right now. For the most part, the rise in AI has been largely connected to heavy investments in data centers, semiconductor chips, and enterprise software platforms so far.
Caleb Silver, editor-in-chief, Investopedia, joined TheStreet to share the must-have stocks that retail investors are adding to their portfolios.
It's probably safe to say that artificial intelligence (AI) is here to stay. Investments in AI infrastructure continue to soar, and companies are racing to develop and implement AI in nearly every facet of their business models.
Palantir (PLTR -0.33%) is one of the most popular AI stocks on the market. It has delivered shareholders incredible performance, but everyone wants to know if there's room for more.
Over the past couple of years, Nvidia (NVDA 0.53%) and Palantir Technologies (PLTR -0.33%) have both shown their strengths in artificial intelligence (AI) -- and as a result, their earnings and stock performance have soared. Last year, Nvidia was the best-performing component in the Dow Jones Industrial Average (though it only was added to the venerable blue chip index in November), and Palantir posted the biggest gain in the S&P 500.
Palantir Technologies (NASDAQ: PLTR) shares have advanced 400% over the past year, and the company is currently worth $335 billion. I predict Uber Technologies (UBER -1.04%) and CoreWeave (CRWV -9.01%) will reach $340 billion by late 2028.
When it comes to artificial intelligence (AI) stocks, Palantir Technologies (PLTR -0.33%) might just be the hottest name out there. As of the closing bell on July 8, shares of Palantir have gained 85% on the year.
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Steven E. Orr finds Palantir (PLTR) overvalued right now and is looking for it to pull back to $100/share. He feels the same about Nvidia (NVDA), citing market FOMO.
Wedbush's Dan Ives, the tech mega bull of Wall Street, returns to The Watch List to talk all things A.I. He continues to credit Elon Musk for Tesla's (TSLA) success and urges the "board can't be asleep at the wheel" when it comes to offering his pay package.