Prediction: This Will Be the Next Stock to Follow Palantir's Path

Since its initial public offering in late 2020, Palantir Technologies (NYSE: PLTR) has been one of the most polarizing stocks on Wall Street. Jim Cramer recently referred to it as a "meme stock," and last year, an online publisher of short reports labeled it an "AI imposter."Although its work with the U.S. military and intelligence agencies can cause Palantir to come across as elusive or secretive, I would argue that the negative sentiment surrounding the company is rooted in a misunderstanding of its business and value proposition. Simply put, Palantir is not your run-of-the-mill enterprise software company.With its shares up by 145% during the past 12 months and the company's induction on Sept. 23 into the S&P 500, it's getting harder to buy the bearish narrative on Palantir. It has emerged as a darling of the artificial intelligence (AI) revolution, its partnerships with tech giants suggest that it's a legitimate player, and it appears that its next phase of growth is just beginning.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool