Is It Too Late to Buy Palantir Technologies Stock?
Palantir Technologies (NYSE: PLTR) regained its footing in 2023, fueled by a rebound in technology stocks and recent advances in artificial intelligence (AI). Shares of the data mining and AI specialist gained 167% last year, nearly seven times the 24% gain of the S&P 500.
Furthermore, Palantir stock surged 52% just in the past week in the wake of a strong financial report. These moves were in stark contrast to 2022 when the stock lost more than 64%.
Recent evidence suggests there could be more to come, as Palantir is leveraging its decades-long experience in cultivating AI algorithms. As the demand to implement AI solutions accelerated, the company pivoted quickly to apply its expertise to generative AI -- and the results are telling.
Source Fool.com
