Why November Could Be a Big Month for Palantir Stock
It's been a big year for Palantir Technologies (NYSE: PLTR) and it's by no means over. The data analytics company's stock is up over 170%, and it may still go higher before the end of the year. There are multiple catalysts that could contribute to a higher valuation in the weeks and months ahead. Here's a closer look at why November could be a big month for the tech stock.
On Nov. 2, Palantir will release its third-quarter numbers for 2023, for the period that ended on Sept. 30. This could be a particularly strong quarter for the company -- earlier this year it unveiled its artificial intelligence (AI) platform, which allows businesses to tap into large language models and capitalize on the opportunities in AI.
Palantir already helps companies analyze data and make smart business decisions. With the help of AI, those decisions and tasks can be made even faster, some of which can be fully autonomous. Palantir says that users will be able to monitor any AI agents and processes in real time to ensure that not only does a company's AI operations scale up, but so too does a customer's trust in the process.
Source Fool.com
