2024-02-06 17:36:03 ET
Summary
- Palantir's commercial business is booming, leading to increased profitability and potential for exponential growth.
- The stock is expected to experience a breakout and reach higher trading levels, with technical indicators pointing towards a bullish momentum.
- Palantir's "Nvidia moment" is still to come, where the company guides to better-than-expected sales and profitability due to increasing demand for AI-related products and services.
Despite being in business for over twenty years, Palantir Technologies Inc. ( PLTR ) is just getting started in many ways. Palantir was widely regarded as a secretive government contractor for many years. It was so mysterious that many market participants had no idea what Palantir did. However, now that Palantir is hitting the mainstream, its commercial business is booming....
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Palantir Q4: The 'Nvidia Moment' Approaches