Why Palantir Stock Surged 138% in the First Half of 2023
Shares of Palantir Technologies (NYSE: PLTR) stock rallied hard during the first six months of 2023, with shares surging 138%, according to data provided by S&P Global Market Intelligence. That ran circles around the roughly 16% gains of the S&P 500.
Technology stocks were among those hardest hit during the downturn, so the ongoing recovery undoubtedly played a part. However, the catalyst that sent the data mining company soaring was the rise of artificial intelligence (AI) and the surging demand for generative AI solutions.
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Source Fool.com
