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Spending on artificial intelligence is soaring, and Palantir and Arm Holdings are poised to benefit from the increase.
Fool.com contributor Parkev Tatevosian compares Palantir (PLTR 1.39%) and Arm Holdings (ARM 6.32%) to determine the better AI stock to buy for long-term investors.
*Stock prices used were the afternoon prices of May 16, 2024. The video was published on May 18, 2024.
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy.
Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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