PLTR - Palantir: Who Is All In On AI?
2024-04-09 07:00:00 ET
Summary
- Palantir Technologies Inc. is experiencing strong growth in its commercial business, driven by its artificial intelligence platform and boot camp approach.
- The company reported a surge in revenue and an increase in the number of clients using its products.
- Palantir has secured large government contracts and has a strong growth trajectory, but its high valuation makes it a hold for now.
This article was coproduced with Chuck Walston.
Those that follow my work know I concentrate on dividend stocks, and that I have a penchant for dividend growth investing. It is rare indeed that I report on companies that provide low yields, let alone one that does not pay a dividend. However, Palantir Technologies Inc. ( PLTR ) is an intriguing prospective investment.
Palantir initially specialized in detecting terrorist activities targeting government and defense agencies. By analyzing enormous amounts of data, the firm is a provider of big data analytics....
Palantir: Who Is All In On AI?