To The Moon

🌟🌟🌟2023 has been a great year for Artificial Intelligence and it looks likely that stocks in this sector will continue to do well in 2024 and outperform in the future.

$Alphabet(GOOGL)$  

$Alphabet(GOOG)$  is up 6.6% in the past 5 days and a huge 58% year todate.  On December 20, Google hit a 52 week high after news broke that it would be restructuring its business to lean more on AI and offer more efficient advertising. 

Google has also developed what it calls the most advanced AI model ever - Gemini in December.  This has the potential to boost Google's position in the AI sector to compete with Microsoft and Amazon. 

Google is just one of the five companies with market capitalisation of more than USD 1 Trillion.  It is a Big Tech powerhouse with a 92% market share in the Search Engine business.  Google also offers smart devices, Pixel smartphones, You Tube and a suite of Google branded services including Google Cloud, Google Play store and many others. 

JP Morgan recently named Google a top stock for 2024, citing improving ad growth, higher margins following successful cost cuts and AI of course. 

At just over 21 times forward earnings, Google trades at about 22% discount to Apple's forward price to earnings ratio of 27 and  yet Google has grown revenue and earnings far faster than Apple in the past 5 years.  This is a trend that is expected to continue in the future. 

$Microsoft(MSFT)$  

has had a great 2023 with its share price up 56% year todate.  Microsoft is currently the world's 2nd most valuable company after Apple with a market capitalisation of USD 2.8 Trillion.  Microsoft has a long history of delivering consistent stock gains.  Its share price is up 268% since 2018.  Annual revenue has risen 68% and operating income has climbed  106%.

In 2023, Microsoft gained prominence in the AI race with its 49% stake  in Open AI which is famous for ChatGPT.  With strong products like Windows, Office, Xbox and Azure, Microsoft is a powerhouse in Tech and has the funds to continue its investments in high growth markets. 

Elements of ChatGPT have been integrated into its search engine Bing.  A range of AI cloud tools have been incorporated into Azure and its various productivity platforms have received new features such as Microsoft 365's AI assistant Copilot. 

Microsoft may be able to overtake $Apple(AAPL)$   in 2024 as the most valuable company in the world since it has lots of exponential growth ahead especially in the AI sector. 

$Palantir Technologies Inc.(PLTR)$  

is one of the best performing AI Stocks this year with a massive 172 % jump year todate.  Palantir is a big on data analytics and has won huge contracts with government customers for intelligence gathering. 

In 2023 Palantir won the 7 year NHS contract worth British pounds 480 million to run the Federated Data Platform.   It has also won several contracts with the US Defense over the years. 

Palantir has  developed its newest platform called Artificial Intelligence Platform or AIP early this year  which has 150 users, up 50% within the last month.

More importantly Palantir has been profitable in 4 consecutive quarters and will now be included in the S&P500 Index.

2023 has been a great year for Palantir.  I believe that Palantir will continue to grow exponentially in 2024 with new contracts and new advancements in AI development. 

Artificial Intelligence is still in its first stage of growth and will be driving force in the future.  I believe that Google, Microsoft and Palantir are great stocks to buy and hold long term as the race for AI supremacy will continue and change our lives forever. 

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