Dan Ives Calls Palantir the "Messi of AI" -- Here's Why He's Extremely Bullish on the Stock
A big driver of the stock market's recovery this year is excitement over recent advances in artificial intelligence (AI), which captivated Wall Street and Main Street alike. The debut of ChatGPT and other next-generation chatbots highlighted how quickly AI is evolving and helped demonstrate the massive potential use cases.
Generative AI can be used to create original content, summarize books and scientific papers, conduct internet searches, answer questions, and even write code -- and researchers are still discovering new potential applications. This is expected to result in a wave of productivity increases, and the potential is vast. Two of the more conservative forecasts come from investment banks Morgan Stanley and Goldman Sachs, which expect these productivity gains to add $6 trillion and $7 trillion annually to the economy, respectively, by the end of the decade.
Veteran Wedbush analyst Dan Ives said he thinks Palantir Technologies (NYSE: PLTR) is one of the undiscovered gems in this AI gold rush, calling the company the "Messi of AI."
Source Fool.com
