Palantir also continues to introduce new products, including a visual navigation AI that can guide autonomous drones in areas without GPS. As a business, Palantir looks solid. It has an impressive set of competitive advantages, given its focus on defense tech and experience in data mining and analytics.

Palantir Technologies is a leading software company providing data analysis and decision-making solutions that leverage artificial intelligence . Its products are Palantir Foundry

With shares up more than 333% over the last 12 months, Palantir Technologies (NASDAQ: PLTR) has been a massive beneficiary of generative artificial intelligence (AI), which many believe could revolutionize how people use and interact with big data.

Palantir's stock is detached from reality as it trades at an irrationally exuberant price. Find out why we have recently opened a short position in PLTR.

In terms of performance, Palantir Technologies (NASDAQ: PLTR) was one of the hottest stocks of 2024. Palantir originally made its mark as a data gathering and analytics vendor primarily serving the U.

Palantir Technologies ( PLTR -4.48%) was one of the hottest artificial intelligence stocks on the market last year. Its 340% return in 2024 made it the single best-performing member of the S&P 500 ( ^GSPC -1.46%). However, Dan Ives at Wedbush Securities sees the stock moving even higher. And he recently gave shareholders two reasons to be thrilled: