Bill Ackman of Pershing Square Capital Management and Andreas Halvorsen of Viking Global Investors are two billionaires worth following for investment ideas. They are entrusted with billions in assets to manage for clients, and that reflects a career of making smart investment choices.

Palantir Technologies (PLTR) and SoundHound (SOUN) stocks have delivered jaw-dropping returns in 2024. PLTR stock has surged about 242% year-to-date, and SoundHound has outpaced it with a staggering 258% gain.

Palantir 's (NYSE: PLTR) stock hit a record high of $51.13 on Nov. 5. Its 223% year-to-date rally was driven by its accelerating revenue growth, soaring profits, and its inclusion in the S&P 500. The buying frenzy in AI stocks,

With less than two months remaining in 2024, now is a great time for investors to think about which stocks they want to carry into 2025. At the moment, artificial intelligence (AI) looks like it will continue to be a dominant theme across the market in 2025, so you might want to start by looking at companies that compete in that arena.