From Nasdaq:

Artificial intelligence (AI) continues to be a trending topic in 2024 due to its potential to optimize and accelerate production. Businesses are utilizing AI to enhance efficiencies, save time, and reduce costs. Investing in AI-powered companies like Nvidia is a priority, but there are affordable alternatives to consider.

Partnerships with Dell and Hewlett-Packard have allowed Nvidia to excel in AI technology. The advancements have bolstered Dell and Hewlett-Packard’s top and bottom lines, positioning them as attractive tech sector value stocks with significant potential.

Palantir Technologies has experienced a surge in its stock price due to increased demand for its AI Platform (AIP), leading to a 19% jump in Q4 sales. The company’s machine learning capabilities, such as its Large Language Model (LLM), have seen substantial growth and success.

The trust in the AI capabilities of Palantir is further solidified by its surge in U.S. commercial revenue and government contracts, particularly within the realm of defense intelligence. The company’s strengthening financial performance is contributing to investor confidence and a potential buy rating.

With Dell, Hewlett-Packard, and Palantir stocks trading at affordable prices, these three companies are prime options for investors looking to capitalize on the AI revolution. As AI technology continues to evolve and accelerate, these stocks are well-positioned for growth in 2024 and beyond.



Read more: Are These Affordable Artificial Intelligence Stocks on Your Radar?