Stocks To Consider Now? 2 AI Stocks For Your March 2024 List

    Date:

    AI stocks to watch in the stock market today.

    Artificial intelligence (AI) is reshaping industries by enabling machines to perform tasks that typically require human intelligence. This includes learning, decision-making, and problem-solving. AI technologies, such as machine learning, natural language processing, and robotics, are being integrated into various applications. These range from healthcare diagnostics to autonomous vehicles and smart home devices. The rapid advancement of AI is driving innovation, improving efficiency, and creating new markets.

    Investing in AI stocks offers exposure to one of the most promising and fast-growing sectors of the technology industry. Companies involved in AI span a wide array, from tech giants developing comprehensive AI solutions to startups focusing on niche AI applications. The advantages of investing in AI stocks include potential high returns driven by breakthroughs and increasing adoption of AI technologies across sectors. However, there are disadvantages as well. The AI sector is highly competitive and subject to rapid changes in technology. This can result in volatility and risk for investors. Furthermore, valuing AI companies, especially those in the early stages of development, can be challenging.

    For those considering AI stocks, thorough research and a clear understanding of the specific AI technologies and market applications are crucial. Monitoring technological advancements, regulatory changes, and market trends is also essential for making informed investment decisions in the AI space. Moreover, here are two AI stocks to watch in the stock market today.

    AI Stocks To Buy Watch Now

    Microsoft (MSFT Stock)

    Starting, Microsoft Corporation (MSFT) is a global technology company with a diverse portfolio that includes software, hardware, and cloud computing services. The company has a significant presence in artificial intelligence & cloud computing through its Azure platform. The company aims to empower individuals and organizations globally to achieve more through technology.

    At the end of January, Microsoft announced its second-quarter 2024 financial results. Getting right into it, the tech giant notched in earnings of $2.93 per share versus earnings estimates of $2.76 per share. Additionally, the company posted revenue of $62.02 billion for Q2 2024 compared to estimates for the quarter that were $61.03 billion. As a result, revenue increased by 17.58% compared to the same period, the prior year.

    Year-to-date, shares of Microsoft stock are trading higher by 10.19% so far. Meanwhile, during Thursday’s lunchtime trading session, MSFT stock is trading green up 1.62% at $408.61 a share.

    Palantir Technologies (PLTR Stock)

    Next, Palantir Technologies Inc. (PLTR) specializes in data integration and analytics, offering platforms that enable organizations to optimize data analysis for decision-making processes. The company develops software that allows users to integrate, manage, and secure their data, supporting a wide range of functions from counter-terrorism operations to commercial industries.

    This week, Wednesday, Palantir Technologies announced it has been selected by the Army Contracting Command – Aberdeen Proving Ground (ACC-APG) to develop the Tactical Intelligence Targeting Access Node (TITAN). This is a next-generation ground station system enhanced by AI and machine learning. The $178.4 million agreement involves creating 10 TITAN prototypes to provide actionable targeting information by accessing various sensors. This project emphasizes usability for soldiers, integrating feedback throughout development. Also, TITAN aims to automate target recognition and geolocation, improving the efficiency of the sensor-to-shooter process.

    In 2024 so far, shares of PLTR stock are up 62.21% year-to-date. During Thursday’s lunchtime trading session, Palantir Technologies stock is trading up 3.10% on the day so far at $26.96 a share.

    Originally Posted March 7, 2024 – Stocks To Consider Now? 2 AI Stocks For Your March 2024 List

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