PLTR - Palantir Leads The Data Revolution But Is Priced For Perfection

2024-07-16 01:53:25 ET

Summary

• Advancements in AI technology have led to billions of dollars in investments, particularly in data centers and companies' data capabilities.
• Palantir is a major beneficiary, helping businesses integrate and manage their data while offering analytics and cybersecurity services.
• The company's new AI offerings have boosted revenue and profits, positioning it for continued growth in both commercial and government markets.
• Despite the growth potential, the current stock price appears too expensive, leading to a "Hold" rating.

The Investment Case

Advancements in artificial intelligence are arguably the biggest technological leap of humanity since the internet. This advancement comes with billions of dollars invested in the technology.

The main resource companies building AI models need is data. After all, all machine learning models, including ChatGPT, are trained on massive datasets....

For further details see: