Artificial Intelligence (AI) is like the holy grail of technologies, man. It’s like the internet on steroids, baby! This stuff is next level because it gives machines the power to learn from data, recognize patterns, and make decisions. It’s been around for a while, but now OpenAI and Microsoft’s ChatGPT AI “Chatbot” has brought it into the limelight, sparking a race among America’s top tech entrepreneurs to dominate the AI game.
You got your big players like Microsoft, Nvidia, and Alphabet, we all know them. But there are a couple of sneaky stocks flying under the radar with some serious growth potential in the AI world, man.
First up, we got Mobileye Global, based in Israel. These guys are killing it in the autonomous driving space. They’ve developed kick-ass AI systems that steer self-driving cars through crazy urban environments, paving the way for the future of transportation. They’re working with General Motors, who are currently testing robotaxis in San Francisco. If they can clear all the bureaucratic BS, these robotaxis could explode nationwide, man.
But even if you discount the robotaxi angle, Mobileye has an impressive track record when it comes to earnings. Positive surprises for four straight quarters, man. That’s some serious consistency!
And don’t sleep on Palantir Technologies, bro. These guys are special. They specialize in software, security, and AI solutions. They work with government and financial institutions, tackling everything from counterterrorism to intelligence analysis. They know how to handle massive amounts of data and make sense of it all. Their software is top-notch and their security measures are off the charts.
Analysts are digging Palantir too, man. Consensus estimates have been improving, which is always a good sign. Next quarter, they’re expecting earnings to grow by a mind-blowing 500%! And for the full year 2023, a healthy 283% growth is on the horizon.
What’s even better is that Palantir has a solid founding team. These guys are backed by the legendary “Paypal Mafia,” a group of successful entrepreneurs and investors in the tech industry. Peter Thiel, one of their founding members, was the first outside investor in Facebook, man. So you know they got some serious mojo going on.
They’re gaining momentum with government contracts too. They just scored a sweet $250 million deal with the US Army for AI. That’s gonna be a big win for their earnings numbers. And word on the street is that they’re the front runner for a massive $600 million contract with the UK National Health System. That’s some serious international recognition, bro.
Palantir has had a strong run this year, up 150%. Yeah, they had a little pullback recently, but that just means it’s setting up for the next bull run. When it crosses that important 50-day moving average, it’s gonna take off like a rocket, man.
So there you have it, folks. Two under-the-radar AI stocks that are ready to explode. These babies have high growth potential and some major catalysts lined up for 2024. It’s time to jump on board and ride the AI wave to success, my friends.
