Developments in the artificial intelligence (AI) sector have generated a lot of headlines over the past couple of years. The abilities of AI systems to create original content, automate processes, and increase productivity have businesses of all stripes eager to secure a part of the resulting windfall.
Palantir (PLTR 8.54%) has quickly emerged as a top artificial intelligence (AI) stock pick for many investors. The stock has more than quadrupled in 2024 and has a huge following.
Palantir's shares have surged over 30%, driven by expectations of its role in enhancing government efficiency and its progress towards AGI. Palantir's unique data sets and ontology system likely position it as a leader in AGI for superior insights. AGI will not be built with just core LLMs. Despite a high forward P/E ratio, Palantir's exceptional EPS growth justifies its valuation, with potenti...
Palantir stock battled back for a gain amid questions about the artificial intelligence leader's valuation. The post Palantir Stock Battles Back For A Gain Despite Valuation Worries appeared first on Investor's Business Daily.
After a meteoric 331% rise in 2024, there's likely a growing case for why data analytics firm Palantir (NASDAQ:PLTR) is worthy of being in the same league as the Magnificent Seven companies.
Palantir Technologies Inc. NASDAQ: PLTRstock is flat in the four days after the company was named to be part of the NASDAQ 100 starting on December 23, 2024. But that's because of a pullback of over 5%, which correlates to the broader market pullback after the Federal Reserve's decision on interest rates on December 18.
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