5 AI Stocks Set to Report Explosive Profit and Sales Growth
The fourth quarter earnings season gathers momentum next week with some of the biggest names in the world set to report their latest financial results.
The list of big companies include Alphabet (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT), Meta Platforms (NASDAQ:META), Amazon (NASDAQ:AMZN), and Apple (NASDAQ:AAPL).
While most of the focus will be on the mega-cap group of technology stocks, there are several fast-growing names set to enjoy robust earnings and sales growth thanks to surging demand for their innovative products and services.
Here are five stocks worth owning ahead of their quarterly reports in the weeks ahead as growth prospects in artificial intelligence and machine learning remain strong.
Palantir's (NYSE:PLTR) AI-driven solutions are expected to be a driving force behind its future sales growth, particularly as businesses and governments around the world increasingly rely on sophisticated data-driven decision-making.
The Denver, Colorado-based company is scheduled to deliver its fourth-quarter earnings and revenue update on Monday, February 5 and results are expected to get a boost from soaring demand for its new generative AI platform — which it calls AIP.
Analysts have become increasingly bullish on the data-mining specialist ahead of the print.
According to an InvestingPro survey: all 12 of the analysts surveyed in the last 90 days upwardly revised their earnings forecast to reflect a gain of 72% from their initial estimates.
Source: InvestingPro
Consensus calls for Palantir to report Q4 earnings per share of $0.07, surging 75% from EPS of $0.04 in the same quarter a year earlier.
Revenue is forecast to increase 18.6% from the year-ago period to $603.5 million, as Palantir benefits from robust demand for
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