Palantir Technologies (PLTR 2.09%) stock has been on a tearing run on the market in 2024, logging remarkable gains of 370% as of this writing. The rapid uptake of artificial intelligence (AI) software solutions by organizations and governments played a central role in this terrific surge.
SoundHound AI's (SOUN -0.93%) shares surged by nearly 875% in 2024 mainly due to record third-quarter revenue performance and increasing adoption of the company's conversational AI solutions by major brands across industries. The stock also benefited significantly from a bullish report from Wedbush analyst Dan Ives, who raised the company's target price from $10 to $22.
Palantir Technologies (PLTR 2.09%) stock was in red-hot form in 2024 as investors showed increasing interest in this software platforms specialist thanks to strong demand for the company's artificial intelligence (AI)-focused offerings, which led to nice accelerations in its top- and bottom-line growth.
An analyst has highlighted key Palantir's (NASDAQ: PLTR) stock technical indicators for potential investors to watch as the equity reaches new highs.
An analyst has highlighted key Palantir's (NASDAQ: PLTR) stock technical indicators for potential investors to watch as the equity reaches new highs.
If you are sick of hearing about artificial intelligence (AI) on Wall Street, I have some bad news. This theme is unlikely to go away anytime soon.
Businesses and governments are generating more data than ever, and software companies like Palantir (PLTR 0.17%) and Oracle (ORCL -0.31%) can help them make the most of it. But effective data utilization today relies on a key ingredient -- artificial intelligence -- and both companies stand to gain from the increasing demand for AI services.
The best-performing stock on the S&P 500 this year isn't Nvidia or Tesla, but rather another, more under-the-radar name benefitting from the artificial intelligence gold rush: Palantir Technologies, the data-hungry defense contractor run by eccentric billionaire Alex Karp.
Considering the magnitude of its move in recent months, Palantir (NASDAQ: PLTR) has remained a surprisingly contentious stock.
Over the last two years, there hasn't been a hotter trend on Wall Street than the rise of artificial intelligence (AI). The ability for AI-powered software and systems to become more proficient at their existing tasks, as well as evolve to learn new jobs over time without human intervention, gives this technology a virtually limitless ceiling and broad-based utility in most industries.
Palantir Technologies Inc. (PLTR) reachead $80.69 at the closing of the latest trading day, reflecting a +0.17% change compared to its last close.
Wall Street remains very hopeful the main sector plays stay hot well beyond 2025 as AI further penetrates our daily lives. Yahoo Finance Executive Editor Brian Sozzi sits down with one of Wall Street's most followed tech analysts, Wedbush's Dan Ives.