Worried About Tariffs? This Artificial Intelligence (AI) Stock Could Be the Best Bet. Here's Why.
While news about tariffs is rocking the stock market, AI software businesses could be a good place to look for growth right now.
On April 2, President Donald Trump announced "Liberation Day" -- marking the event with a host of new tariff policies aimed at virtually all major trading partners. Following the announcement, the capital markets experienced a period of intense selling with the S&P 500 and Nasdaq Composite both dropping by double-digit percentages.
Since the initial shock, however, stocks have started to rebound as positive dialogue with important trade partners including China has come to light. While it appears that some progress is being made, smart investors understand that negotiations and tariff policies can change overnight. For these reasons, investors should be looking for businesses that are insulated from tariffs right now.
Let's explore why data analytics company Palantir Technologies (NASDAQ: PLTR) fits the bill and could be your best bet given the heightened uncertainty driving the direction of the stock market right now.
