Palantir Technologies (PLTR) reported earnings 30 days ago. What's next for the stock?
Owning Palantir is a wild ride, and so some investors have turned to covered call funds to help "smooth it out." There are major problems with this strategy, and I say this as a Palantir perma-bull. Palantir is too volatile for covered call funds like PLTY and PLTW to be suitable for most income investors.
PLTR's AIP drives a 71% jump in U.S. commercial revenue as enterprises fast-track AI deployment at scale.
Cloudflare stock ranks second to Palantir in the enterprise software group and has gained 58% year to date.
Palantir Technologies Inc. NASDAQ: PLTR continues to make bullish headlines that positively impact the company's stock price. One of the most recent headlines was that Fannie Mae OTCMKTS: FNMA launched its AI-powered Crime Detection Unit and announced that Palantir would be a key technology partner.
Palantir Technologies (NASDAQ:PLTR) shares increased by approximately 7% during Friday's trading session after The New York Times revealed that the U.S. government is broadening its adoption of Palantir's main foundry tool throughout federal agencies. The company has witnessed more than $113 million in federal government expenditures since the new Trump administration took office, stemming from both existing contracts and new agreements with the Department of Homeland Security and the Pentagon.
PLTR's AIP drives a 71% jump in U.S. commercial revenue as enterprises fast-track AI deployment at scale.
The Trump administration has significantly expanded its partnership with Palantir Technologies Inc (NYSE:PLTR) to create a database compiling sensitive personal information on millions of Americans, according to a Wall Street Journal (WSJ) report. In March, Trump signed an executive order calling for the federal government to share data across agencies, raising concerns that this will be used for authoritarian surveillance practices.
Zacks.com users have recently been watching Palantir Technologies (PLTR) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
While Palantir (NASDAQ: PLTR) is seeing a surge in government contracts, Wall Street analysts remain cautious.
Artificial intelligence (AI) holds a lot of promise for many industries, but one area where it's already proving useful is in data analytics. Governments and corporations are eager to harness AI-powered insights to optimize everything from military operations to supply chains and financial forecasting.
Large asset managers are required to disclose their equity holdings in quarterly Forms 13F. Investors can use those filings to track which stocks billionaires are buying.