Palantir Stock Is Up 40% So Far This Year. Where Will This AI Winner Land at the End of 2024?

Artificial intelligence (AI) has dominated the market to start 2024. Nvidia recently became the most valuable company in the world and is up more than 150% year to date (YTD). Investors are betting that AI is going to be a huge market opportunity as the large technology players spend tens of billions on it.Palantir Technologies (NYSE: PLTR) is one of these AI companies. Shares are up 40% YTD with accelerating revenue growth as customers adopt its intelligent software and analytics tools. Where will this AI winner land by the end of 2024? Let's take a closer look and find out.At its core, Palantir builds custom advanced analytics software. Customers range from the United States military and its allies (U.S. government revenue was more than $250 million last quarter alone) to the private sector. Corporations -- especially larger ones -- utilize Palantir's tools to analyze operations and track how a business is performing.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Zum vollständigen Artikel