PLTR - Should You Load Up on Palantir Stock?
2024-04-06 07:15:00 ET
Palantir (NYSE: PLTR) has been at the front of the artificial intelligence (AI) movement since it began. The company has been deploying AI for decades, so it understands what the technology can do better than most.
It's also seeing "unprecedented" demand for one of its latest product launches, which is one of the reasons the stock has performed so well in 2024 (up more than 30%). However, the stock hasn't seen much movement since Palantir reported fourth-quarter results. As a result, investors might wonder if it's time to load up on Palantir stock in preparation for the next quarterly earnings event, which could hold even better news.
Palantir's products are focused on developing AI-powered systems that help businesses and governments accomplish daily tasks and help the inner workings of a business. At first, Palantir's product suite was developed for government use, as it helped process data needed to pinpoint terrorists or give battlefield commanders the best information possible to make a tactical decision.
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Should You Load Up on Palantir Stock?