This Little-Known AI Stock Is Up 315% in 2024, and History Says It Could Soar Again in 2025 (Hint: Not Palantir)

Shares of Palantir Technologies have advanced 290% year to date as unrelenting demand for its artificial intelligence (AI) platform has led to a series of strong financial results. While impressive, Palantir is only the second-best performing member of the S&P 500 (SNPINDEX: ^GSPC) this year.The top spot goes to electric utility Vistra (NYSE: VST). Its share price has rocketed 315% year to date based on expectations that AI data centers will create tremendous demand for electricity. Indeed, Goldman Sachs says power demand is poised to surge at its fastest pace since the early years of the 21st century.Interestingly, the best-performing S&P 500 stock in any given year has typically gone on to produce strong gains in the subsequent year. In other words, history says Vistra could carry its momentum into 2025.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool