These 3 Artificial Intelligence (AI) Stocks More Than Quadrupled in 2024. Here's the 1 Wall Street Likes the Most Now.

Upstart (NASDAQ: UPST) and Lemonade (NYSE: LMND) are two small AI companies with a combined value of less than $8 billion, as of this writing, but they have the potential to change the world and make investors very wealthy in the process.

Consumer Electronics Show (CES) 2025 revolved around AI. If not, it’s all that exhibitors could show. Talking about the highlight of the show, it was undoubtedly the keynote from Jensen Huang.

Warren Buffett has led Berkshire Hathaway to market-beating returns since 1965. Buffett uses a simple investing strategy, and he never chases hot stock market trends like artificial intelligence (AI).

Two hot stocks in this sector are Palantir Technologies (NASDAQ: PLTR) and SoundHound AI (NASDAQ: SOUN). Palantir's shares had surged by more than 300% over the prior 12 months, while SoundHound had skyrocketed by 600%.