Palantir Technologies Inc Stock News

As far as key catalysts for growth investors are concerned, artificial intelligence remains the top factor on top of mind for most investors right now.

Despite their differences, Nvidia (NASDAQ: NVDA) and Palantir (NASDAQ: PLTR) have much in common. Both stocks enjoy significant investor optimism, both companies have been major players in the ongoing artificial intelligence (AI) boom, and both firms might be extravagantly overvalued given their recent gains.

Palantir Technologies (PLTR 1.81%) went public with a direct listing on the stock market in September 2020, and shares of the software platforms and data analytics provider delivered healthy gains since then.

Palantir Technologies Inc. (NYSE: PLTR) stock jumped 1.81% on Tuesday and is up 8.43% over the past five trading sessions on the back of President Trump rescinding a Biden-era executive order that sought to curtail the risks of AI development.

With the earnings season in full swing, it is hard to ignore the top Artificial Intelligence stocks.

Nvidia (NVDA 3.10%) and Palantir Technologies (PLTR 3.65%) have recently been two of the hottest stocks on Wall Street because both companies play a key role in the artificial intelligence economy. However, the hedge fund billionaires listed below bought Nvidia and sold Palantir in the third quarter.

The first time I ever heard about Palantir (Nasdaq: PLTR), several years ago, it was pitched to me as an “equity crowdfunding opportunity” to make a private investment, and a rare chance to buy into one of the hottest defense IT stocks on the planet before its IPO.

What's been the most important driver behind the continued bull market? A good case can be made that it's artificial intelligence (AI).