Palantir's AIP launch spurred further growth. Palantir's growth and valuation aren't in sync.
Palantir's growth rate is over 20%, but it may need to be even better for investors to continue buying the stock. Despite achieving high margins, with a high share count, its per-share earnings are still fairly low.
Palantir's early experience in serving the government is valuable in the AI race. But there is a risk that the AI excitement could be just a fad.
Palantir Technologies Inc. (PLTR) closed the most recent trading day at $27.39, moving -1.12% from the previous trading session.
Virtus Investment Partners‘ Joe Terranova believes Palantir Technologies Inc PLTR is one of the best ways to play the artificial intelligence (AI) boom right now.
Shares of software company Palantir Technologies, Inc. (PLTR) are on fire thanks to AI-related revenue growth.
Given the recent surge in Palantir (PLTR) shares, we evaluate the stock's current position to determine whether it presents a good investment opportunity at this time.
Today, Oracle (NYSE: ORCL ) announced that the Foundry Platform and Artificial Intelligence Platform (AIP) made by Palantir (NYSE: PLTR ) are available across all its distributed cloud deployment options. That includes its popular Oracle Cloud Infrastructure (OCI).
Palantir stock has surged over 60% year to date, driven by AI enthusiasm and US government business growth. Though the stock is trading at over 20x current year revenue, I recommend continuing to hold for further upside. The company is re-accelerating its government business, which continues to deliver more than half of Palantir's revenue.
C3.ai invested heavily in the AI industry since 2009. The AI software company reported 20% revenue growth in the recent quarter.
Stocks are moving broadly higher today, with many high-growth artificial intelligence (AI) names leading the charge. Among today's top movers is Palantir (NYSE: PLTR ) stock, which is up 2.3% in early afternoon trading, hitting a fresh 52-week high in today's session.
Just last week, five of the Magnificent 7 members touched new all-time highs.