This Company Is Quickly Becoming a Leader in AI -- and Its Not Nvidia, Alphabet, or Microsoft
When it comes to artificial intelligence (AI), companies such as Alphabet, , and Nvidia seem to have become analogous to the buzzword. While it may appear that big tech has a stronghold on advancements in AI, one under-the-radar company looks to be emerging quickly as a leader in the space.
Palantir Technologies (NYSE: PLTR) is a big-data analytics company, perhaps best-known for its work with the U.S. Government and its support from Silicon Valley entrepreneur Peter Thiel. Palantir is nearly 20 years old, yet it only went public about three years ago. Since its debut on the New York Stock Exchange in late 2020, Palantir Stock has been no stranger to the highs and lows of public company scrutiny.
Following its initial public offering, famed tech investor Cathie Wood accumulated a large position, which in part helped fuel a buzz around the company and sent its stock soaring. However, Wood exited her position entirely in 2022 over concerns about the company's ability to execute on its growth vision. Some critics have also labeled it as no more than a consulting company.
Source Fool.com
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