The Palantir Stock Dilemma: Bull vs. Bear Case
Since the launch of OpenAI's ChatGPT in November 2022, investor interest in artificial intelligence (AI) stocks increased by leaps and bounds.
Many companies are also racing to increase their AI-related capital expenditures in hopes of benefiting from this megatrend. In fact, according to Savita Subramani, head of U.S. equity and quantitative strategy at Bank of America Global Research, the number of AI mentions in the corporate earnings calls rose 64% year over year in the first quarter of 2023.
AI is deeply embedded in Palantir Technologies' (NYSE: PLTR) core business. Its stock price is up by nearly 127% so far this year, yet remains 55% below its all-time high in January 2021. So, is its bull rally reliable? To find out, let's analyze the bullish and bearish drivers for the company in greater detail.
Source Fool.com
