Palantir Rose 160% in 2023. Can It Repeat That in 2024?
Palantir Technologies (NYSE: PLTR) was one of the top artificial intelligence (AI) stocks in 2023. With its long-term history in this space, it makes sense that Palantir received much attention since its tools were already miles ahead of some competitors.
Furthermore, Palantir entered 2023 at a dirt-cheap valuation, priming the stock for even more gains. With an incredible 160% performance in 2023, it seems like a tall order to repeat. So, does it have what it takes?
Both government and commercial customers widely use Palantir's AI tools. However, the company's roots are found in the government side. Originally, its software was used to crunch mounds of data and help its users make well-informed decisions based on the platform's output. This was incredibly useful for intelligence agencies, military commanders, and other logistics-based situations.
Source Fool.com
