Palantir stock soared over 160% last year, and much of this momentum carried over into 2024. Prior to Palantir's first-quarter earnings in early May, the stock had outperformed the tech-heavy Nasdaq Composite.
Palantir Technologies (NYSE: PLTR ) stock is in the news Wednesday after the big data company announced a new deal with intelligent power management company Eaton (NYSE: ETN ). Palantir is expanding its partnership with Eaton that will bring its Artificial Intelligence Platform ( AIP ) to the latter's operations.
One of the prominent players that has arisen in the AI-themed bull market, delivering excellent returns to investors since the rally began in early 2023, is Palantir (NYSE: PLTR). However, PLTR stock has recently declined following the company's Q1 earnings report in early May.
Artificial intelligence (AI) is still the prominent buzzword in the news today. While many investors have been raking in profits from AI stocks, others are on the hunt for the next company to soar.
Palantir Technologies and Norwegian Cruise Line have retreated recently after big runs last year. Palantir has shed nearly a quarter of its value since peaking in March, but the data analytics specialist's business is accelerating.
Data analytics company Palantir Technologies (NYSE: PLTR ) is enjoying a strong tailwind from artificial intelligence, one that is likely to continue in coming quarters. While Palantir stock continues to be a strong performer, its share price has wobbled since the company's most recent earnings report, falling 7% in the past month.
Despite failing to confirm that all the seeing stones are accounted for and that, indeed, none of them are in Sauron's possession, the intelligence community-founded big data analysis company Palantir (NYSE: PLTR) has been performing exceptionally well since its initial public offering (IPO) in 2020.
Palantir Technologies has evolved into a much more robust and financially strong business over the years. Not only is Palantir profitable, but it has been growing its margins as well.
Veteran Wall Street analyst Steven Guilfoyle recently suggested that Palantir Technologies (NYSE: PLTR ) is his best trade. The economist, who spent six years at Meridian Equity Partners and 12 years at Credit Suisse, mentioned several reasons for selecting Palantir stock.
Palantir announced a partnership, and a small glimpse into the future was discovered in a recent filing.
Palantir Technologies (PLTR) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Bloomberg Intelligence forecasts that annual spending on generative AI software will surge to $318 billion by 2032. Palantir Technologies has decades of experience in the AI field and has developed a brilliant strategy to bring AI to the masses.