Tuesday, December 10, 2024

Why Did NVIDIA Invest In Little-Known AI Stock?

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Tuesday, December 10th 2024

Why Did NVIDIA Invest In Little-Known AI Stock?

For nearly two years, the stock market has been steadily bidding up companies like NVIDIA and Microsoft that have emerged as front-runners in the AI race. In addition to these mega-cap companies, though, there are also many smaller companies trying to fill niche spaces in the AI market.

 

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Burst Content You May Have Missed

Is Meta Breaking Out?

Headlines swirled in recent days that Mark Zuckerberg was meeting with President-Elect Donald Trump at Mar-a-Lago.

 

Some speculated Zuckerberg was going to "bend the knee" while others thought he was looking for an active role in the new administration.

 

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The original Magnificent Seven turned $7K into $1.18M in 20 years. Alex Green says AI's 'Next Seven' could do it again—$1K in each stock might hit $1M in just six years! Discover which AI giants will dominate the market. Watch the Full Presentation Now!
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How To Spot a 100% Winner

It wasn't long ago that I highlighted Planet Labs as a stock with the potential to blast off. At the time it was sitting at $1.90 per share.

 

Fast forward to the present and Planet Labs has soared well above $4 per share and is now posting gains of over 100%.

 

So what was it that revealed the hallmarks of a stock about to pop?

 

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Is Palantir on the Precipice of a Sharp Fall?

Palantir (NYSE:PLTR) has been among the biggest beneficiaries of this year's AI bull run and the more recent post-election rally. The stock started this year at just $16.58 and has since skyrocketed to over $60 per share.

 

The last month has been particularly dramatic when PLTR started November a little over $40 before being pushed skyward following election news that was deemed positive and a stellar Q3 earnings report.

 

Get the full details here

- G. O'Fiachra

 

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