PLTR - Should You Buy Palantir Technologies Stock Before Monday?
2024-05-03 04:30:00 ET
Palantir Technologies (NYSE: PLTR) , one of the forerunners of modern artificial intelligence (AI), is scheduled to report the results of its fiscal 2024 first quarter (ended March 31) after market close on Monday. Wall Street will be waiting with bated breath to review its performance -- and with good reason.
The stock has surged roughly 250% since the beginning of last year, driven higher by Palantir's improving financial results and the profit potential resulting from generative AI . Furthermore, its results could shed some light on the overall state of AI adoption.
Palantir has long been a leader in the development of AI, but investors will be watching closely to see if the company can continue to capitalize on recent demand -- and whether the current strong interest will continue. So should investors buy Palantir stock before its Q1 results are released? Let's see what the evidence suggests.
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Should You Buy Palantir Technologies Stock Before Monday?