Could Buying Palantir Technologies Stock Today Set You Up for Life?
Palantir Technologies (NASDAQ: PLTR) went public with a direct listing on the stock market in September 2020, and shares of the software platforms and data analytics provider delivered healthy gains since then.Palantir stock is up 655% since making its stock market debut. However, all of Palantir's stellar gains have arrived in the past couple of years, driven by the company's move into the artificial intelligence (AI) software platforms market. It is worth noting that Palantir was underperforming the broader market before its move into AI.Investors bought Palantir stock hand over fist over the past couple of years, leading to eye-popping gains of 966% during this period. So, an investment of $1,000 made in Palantir two years ago is now worth more than $10,600. The good part is that Palantir is scratching the surface of a massive end-market opportunity in the AI software platforms space, which could help investors become richer in the long run.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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