From Nasdaq:



In 2023, there was a significant growth in the artificial intelligence (AI) industry, with companies introducing impressive AI chips, large language models, and AI applications. Cathie Wood of Ark Invest saw wins in this AI explosion, investing heavily in high-flying AI stocks, including Nvidia, Meta Platforms, and Palantir Technologies. These companies have seen significant gains in 2023 due to increased demand for their products and services. Wood believes that all three companies could perform well in 2024, but some caution is advised due to high valuations and increased competition in the industry. While Nvidia and Meta Platforms are seen as strong investment options, Palantir is considered the weakest among the group. The article also promotes a service called Stock Advisor that provides guidance on building a portfolio and stock picks.

In summary, the article discusses the success of AI companies in 2023 and analyzes the investment prospects of three major players in the industry. It provides insights and recommendations for potential investors based on the performance and valuations of these companies.



Original: Cathie Wood’s 3 Best Artificial Intelligence (AI) Stocks This Year: Are They Good Picks for 2024?