Palantir Stock or Arm Stock: Which Is the Best Artificial Intelligence (AI) Stock to Buy Now in May?

By Parkev Tatevosian, CFA – May 20, 2024 at 5:45AM

NYSE: PLTR

Palantir Technologies

Market Cap

$48B

Today's Change

(-0.23%) -$0.05

Current Price

$21.68

Price as of May 31, 2024, 4:00 p.m. ET

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 -0.23%) and Arm Holdings (ARM -0.17%) 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.

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.