Should You Forget Palantir and Buy These 2 AI Stocks Instead?
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Palantir's (NYSE: PLTR) stock hit a record high of $51.13 on Nov. 5. Its 223% year-to-date rally was driven by its accelerating revenue growth, soaring profits, and its inclusion in the S&P 500. The buying frenzy in AI stocks, expectations for lower rates, and the market's post-election rally amplified its gains.It's easy to see why the bulls love Palantir. The analytics software company, which helps its government and commercial clients aggregate data from disparate sources to make smarter decisions, expects revenue to rise 26% this year -- accelerating from its 17% growth in 2023 -- as it stays profitable. Most of that growth will be driven by new government contracts, the robust growth of its U.S. commercial business, and the expansion of its generative AI services.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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