2024-01-20 09:20:00 ET
Artificial intelligence (AI) stocks were all the rage in 2023 as the boom set off by ChatGPT was a major reason why the Nasdaq Composite jumped 43% last year.
By now, investors are likely familiar with the big winners like Nvidia , but one AI stock that has flown a bit under the radar is Palantir Technologies (NYSE: PLTR) . Palantir builds software platforms that help governments, businesses, and other organizations parse through massive datasets and make connections that would otherwise be unseen.
Palantir was founded in the aftermath of 9/11 to help counterterrorism agencies improve their analytics and problem-solving in order to fix some of the oversights that led to that attack.
For further details see:
Is It too Late to Buy Palantir Stock?