3 AI Stocks to Watch: Palantir, Amazon, and Alphabet.

Palantir Technologies is a rapidly growing company with potential to become one of the largest in the world. It's using AI to provide actionable insights across industries, with U.S. commercial revenue jumping 93% last quarter and customer count climbing 64% year over year. Amazon is also leveraging AI to improve efficiency and is a solid growth driver through its AWS platform. Alphabet is changing the narrative and becoming an AI winner. These AI stocks are no-brainers to buy right now.

Amazon.com (AMZN) experienced a 5.34% share price increase last quarter, aligning with broader market gains. This upturn can be attributed to its strategic collaboration with Sendbird Inc. and other pivotal partnerships, which bolstered market confidence in Amazon's AI capabilities. The company's robust Q2 earnings, showing a notable increase in revenue and net income, further support this trend. Despite legal challenges and labor-related news, Amazon's stock movement remains in concert with the broader market's positive trajectory [1].

Palantir Technologies, a rapidly growing company, has seen its U.S. commercial revenue jump 93% last quarter and its customer count climb 64% year over year. The company uses AI to provide actionable insights across industries, positioning it for significant growth [2].

Alphabet Inc. (GOOGL), led by CEO Sundar Pichai, has achieved a significant personal financial milestone, with his net worth now exceeding $1.1 billion. This achievement comes on the heels of Alphabet Inc.'s impressive performance, which saw its market value increase by over $1 trillion since early 2023. The company's AI-powered growth strategy has renewed investor confidence, with shares surging after its second-quarter earnings beat analyst expectations [3].

These AI-driven growth strategies are evident in the recent acquisitions and investments by these companies. Amazon's strategic partnership with Sendbird Inc. and other companies, as well as Palantir's focus on AI-driven insights, and Alphabet's substantial AI infrastructure investments, highlight the companies' commitment to leveraging AI for long-term growth.

However, potential risks include regulatory scrutiny and competition, which could impact these companies' bottom-line results. Despite these risks, the strong performance of these AI stocks suggests they are solid growth drivers in the current market.

References:
[1] https://finance.yahoo.com/news/amazon-com-amzn-partners-sendbird-171359233.html
[2] https://gulfnews.com/technology/sundar-pichai-net-worth-google-ceo-hits-billionaire-status-on-alphabets-ai-surge-1.500210590
[3] https://finance.yahoo.com/news/amazon-com-amzn-partners-sendbird-171359233.html