Palantir Technologies › Artificial intelligence (AI) has become one of the biggest talking points for businesses over the last few years. The number of S&P 500 companies mentioning "AI" on their earnings call climbed from less than 75 in 2022 to 241 during the first quarter,

Two companies have recently seen their stock prices head higher on optimism about the future growth in AI spending. Palantir Technologies (NASDAQ: PLTR) shares are up 93% from their April low, as of this writing. Taiwan Semiconductor Manufacturing (NYSE: TSM) is up 67% in that same period.

Finally, add DigitalOcean (NYSE: DOCN) to your list of AI stocks to buy while shares are still trading down more than 30% from their February high and still more than 70% below their 2021 peak. Analysts say it's worth at least 30% more right now, although it's arguably got far more upside further down the road.