1 Magnificent AI Stock Smart Investors Are Adding to Their Portfolios (Hint: It's Not Palantir)

Investor excitement for artificial intelligence (AI) has reached a fever pitch. Most stocks associated with AI are soaring, with Nvidia recently becoming the largest company in the world by market capitalization. Another example is Palantir, which is up a whopping 283% year to date due to the rapid adoption of its AI tools across the United States government and big business.While it might be exciting to chase these fast-running AI stocks, smart investors know it is a dangerous game. That is why hedge fund managers such as Bill Ackman and Charlie Munger protege Li Lu own large stakes in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) to play the AI boom. The big tech stock is crushing it with new AI innovations, leading to strong revenue and earnings growth. And yet, the stock is underperforming the S&P 500 in 2024. Should you add Alphabet stock to your portfolio?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool