PLTR - Are Palantir and Oracle a Match Made in Heaven?
2024-04-23 07:12:00 ET
From accelerated computing to cloud infrastructure, humanoid robotics, and self-driving cars, the "Magnificent Seven" stocks of Microsoft , Alphabet , Amazon , Apple , Nvidia , Meta Platforms , and Tesla are leading the artificial intelligence (AI) revolution. As a result, investors have cheered on big tech, which has led to outsize movements in these stocks -- helping fuel the S&P 500 to new record highs.
But savvy investors understand that there are many other opportunities in the AI realm outside of megacap tech. Big data analytics company Palantir Technologies (NYSE: PLTR) and cloud database developer Oracle (NYSE: ORCL) recently announced a new partnership centered around ambitions in AI.
I think this relationship has the potential to disrupt the generative AI landscape, and see it as a game-changer for both enterprises. Let's dig into how Palantir and Oracle are working together and assess if either of these stocks are good buys right now.
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Are Palantir and Oracle a Match Made in Heaven?