Where Will Palantir Technologies Be in 3 Years?
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Palantir Technologies (NASDAQ: PLTR) went public in September 2020, and shares of the company that made its name by providing analytics and software platforms to federal government agencies have shot up a remarkable 608% since then as of this writing.The stock has comprehensively beaten the 61% gains clocked by the Nasdaq-100 Technology Sector index over the same period, though it is worth noting that Palantir's red-hot rally gained momentum only from April 2023 after the company announced its arrival into the artificial intelligence (AI) software market.More specifically, Palantir announced the launch of its Artificial Intelligence Platform (AIP) on April 27, 2023. The stock has soared like a rocket since then, logging gains of 760% as of this writing. This red-hot rally has been driven by the massive growth potential of the generative AI software market that Palantir is looking to tap with this product platform.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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