AI Stocks Soar as Companies Harness Explosive Growth of Generative AI
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Palantir's Artificial Intelligence Platform (AIP) uses generative AI and could lead to revenue gains if successful. The stock is up 110% in the past year.
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Super Micro Computer builds servers for AI data centers and has seen 58% revenue growth recently, though expenses are also rising rapidly. The stock is up 695% in the past year.
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Upstart seeks to disrupt lending evaluations with its AI platform. It has struggled with rising rates and a small customer base but could rebound if adopted more widely.
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Nvidia's AI chips are powering growth for companies like Supermicro. Nvidia's stock reflects the growth its technologies are enabling.
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Smaller AI companies like Palantir, Supermicro and Upstart could deliver outsized gains if AI adoption continues expanding rapidly.