Stocks

Two AI Stocks with Significant Drop—Why It's Time to Invest

Published December 15, 2023

The artificial intelligence (AI) sector is experiencing significant growth, driven by technological advancements and increasing applicability across various industries. Despite the buzz, some AI stocks have seen a considerable decline, presenting potential buy opportunities. Smartsheet Inc. SMAR and Palantir Technologies Inc. PLTR are two such stocks that have plummeted 46.5% and 54%, respectively. For discerning investors, these price dips could signal an opportune moment to acquire shares before their next growth trajectory.

About Smartsheet Inc. SMAR

SMAR, headquartered in Bellevue, Washington, offers a cutting-edge cloud-based platform designed to enhance work efficiency by enabling seamless team collaboration and project execution. Despite the downturn, the company's innovative services position it well for recovery as the demand for productivity solutions continues to rise in a digitally-focused corporate world.

About Palantir Technologies Inc. PLTR

On the other end, Denver's PLTR develops advanced software solutions for the US intelligence community, aiding significant counter-terrorism efforts. The company's expertise in handling large-scale security data makes it indispensable in both governmental and corporate settings. The current dip in Palantir's stock could be attributed to market fluctuations, yet its specialization in critical data analytics suggests strong potential for a rebound.

In summary, while the AI revolution surges on, SMAR and PLTR stocks currently trade at values that may herald considerable upside, aligning with the escalating need for AI solutions in diverse sectors. Investors looking for growth in the AI space may find these stocks ripe for investment to potentially capitalize on the market's recovery and future expansions.

investment, AI, growth