Where Will Palantir Stock Be in 1 Year?
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Few companies have reacted more to Trump's presidential election victory than Palantir Technologies (NYSE: PLTR), a data analytics and artificial intelligence (AI) company with a strong focus on defense and law enforcement. The company has added billions to its market cap, with shares up by a jaw-dropping 50% since the election.But is Palantir's recent rally based on hype and excitement or sustainable economic fundamentals? Let's dig deeper into what the next 12 months could have in store for this unique technology leader.Founded in 2003, Palantir is arguably an early AI company. Its software-as-a-service platforms are designed to extract insights from large volumes of raw data to help organizations notice patterns, improve efficiency, and generate growth. The implementation of the large language model (LLM) technology behind algorithms like ChatGPT allows it to perform these tasks faster and deliver real-time insights. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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