3 Reasons to Buy Palantir Technologies Stock Like There's No Tomorrow
Artificial intelligence (AI) has been around since the 1950s, but recent developments have taken the technology to the next level. The potential for productivity increases caught many by surprise, and has businesses racing to get their share. At the same time, investors have become entranced with the potential for profit, scooping up shares of any company specializing in AI.
One such company is Palantir Technologies (NYSE: PLTR). The company was thrown into the limelight when it went public in late 2020, but the data mining and AI specialist has been toiling away in relative obscurity for more than two decades. While Palantir's algorithms initially focused on intelligence applications for the U.S. government and its allies, the company has expanded its efforts to cover a broad cross-section of business data analytics and AI. When generative AI came of age, Palantir was there to answer the call.
Let's look at three reasons investors should be buying up shares of Palantir stock like there's no tomorrow.
Source Fool.com
