PLTR - Palantir Would Be a Top Artificial Intelligence (AI) Stock Except for This 1 Glaring Reason
2024-06-27 07:15:00 ET
Palantir (NYSE: PLTR) is a leader in artificial intelligence (AI) software. While AI has been all the rage and many companies are launching their own versions, Palantir has been in the field for much longer. This experience is paying off during the AI arms race, and Palantir's products are seeing strong demand.
This makes Palantir a very intriguing stock to own, but there is one thing that holds me back: I don't think the stock can live up to expectations.
Palantir started off as a company making software for government agencies. While the U.S. government was its primary customer, it also sold its AI software to allies around the globe. Its AI software takes in loads of information, processes it, and then gives its users actionable insights on what they should do next. Whether that is deployed by militaries or for financial auditing purposes, Palantir's software can be tailored to fit many needs.
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Palantir Would Be a Top Artificial Intelligence (AI) Stock Except for This 1 Glaring Reason