Reported 12 months ago
The article discusses how artificial intelligence (AI) companies are dominating the market in 2024, with Palantir Technologies (NYSE: PLTR) being one of them. Palantir's shares have increased by 40% year to date, driven by accelerating revenue growth and profitability as it provides intelligent software and analytics tools to defense and commercial customers. Despite the positive outlook, the stock appears expensive, with high revenue growth and profit margin expectations priced in, making it a cautious investment for mid-2024.
Source: YAHOO