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After Alphabet introduced the Google Bard platform (NASDAQ: GOOGL), which ignited enthusiasm for artificial intelligence (AI), the technology has rapidly showcased its capabilities across diverse industries, including delivering valuable insights to investors. Finbold enlisted Bard’s assistance to identify five potentially profitable stocks in the upcoming year. Harnessing the wealth of available data, the chat generative pre-trained transformer pinpointed these five stocks on December 4, considering prevailing trends and market outlooks. Apple (NASDAQ: AAPL) Google Bard’s first pick was the American multinational technology corporation Apple (NASDAQ: AAPL). The company specializes in consumer electronics, mobile phones, and related services (Apple Music, iCloud, AppleTV+). “Apple is a well-established company with a strong track record of innovation. The company is expected to continue to grow its revenue and earnings in the coming years, driven by demand for its iPhone, iPad, and Mac products and its growing services business.” as per Google Bard. The AAPL stock was trading at $191.24, marking an increase of 0.68% from its previous close on December 1. This stock has experienced an impressive 52.91% increase in its value year-to-date. AAPL YTD stock price chart. Source: Finbold Microsoft (NASDAQ: MSFT) After a lucrative year, Microsoft Corp’s (NASDAQ: MSFT) stock soared by over 50%, reaching an all-time high of $382. This remarkable surge can be attributed to various factors, emphasizing the successful utilization of AI expansion. “Microsoft is another well-established company with a strong track record of innovation. The company is expected to continue to grow its revenue and earnings in the coming years, driven by demand for its cloud computing products and its productivity software suite,” said Bard. Before the market closed on December 1, MSFT stock was trading at $374.51, resulting from a decrease of -1.16% compared to the previous session. It is another stock that witnessed an impressive increase…

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Filed under: News - @ December 4, 2023 4:24 pm