From Nasdaq: 2024-11-09 18:02:00

The highly contested U.S. election has resulted in Donald J. Trump becoming President-elect. Investors are seeking stocks poised to benefit from the next four years, with the rapid adoption of artificial intelligence (AI) expected to drive the next industrial revolution. Generative AI has the potential to increase productivity and profits through automation.

Microsoft (NASDAQ: MSFT) has been an early beneficiary of AI, investing in ChatGPT to develop Copilot, a suite of digital assistants. The company’s cloud service, Azure, grew 33% year over year with a significant portion attributed to AI services. Analysts believe Microsoft will continue to profit from AI under Trump’s presidency.

Palantir Technologies (NYSE: PLTR) has seen impressive gains with its Artificial Intelligence Platform (AIP) and innovative “boot camp” sessions to optimize AI solutions for businesses. The company’s U.S. commercial revenue jumped 54% year over year in the third quarter. Analysts expect Palantir to benefit from major AI initiatives under the incoming administration.

Tesla (NASDAQ: TSLA) is not only a leader in electric vehicles but also in AI, with plans for a fleet of self-driving Robotaxis. CEO Elon Musk’s ties to Trump and the administration’s potential support for autonomous driving could benefit Tesla. Wedbush analyst Dan Ives believes Tesla has a competitive advantage in the EV industry under a Trump presidency. Investors are eyeing Tesla as Trump proposes higher tariffs on Chinese EVs, potentially giving Tesla a competitive edge. Don’t miss out on a second chance to invest in successful stocks with expert “Double Down” recommendations. Past returns on Amazon, Apple, and Netflix show the potential for significant growth. Check out the latest “Double Down” alerts now.



Read more at Nasdaq: Meet 3 Supercharged Growth Stocks That Could Profit From a Trump Presidency, According to Certain Wall Street Analysts