2024-02-13 04:54:00 ET
Earnings season is in full swing, and investors still have their eyes on one big item: artificial intelligence (AI). Much of the buzz surrounding AI is saved for the "Magnificent Seven" -- a catchy moniker that includes megacap tech behemoths Microsoft , Apple , Alphabet , Amazon , Nvidia , Meta , and Tesla . But that doesn't mean no other companies are riding the wave.
With a market cap of just $51 billion, Palantir Technologies (NYSE: PLTR) may not be seen in the same light as big tech, but Palantir is making inroads in the space as well, and investors realized it last week.
Following the release of a jaw-dropping fourth-quarter earnings report on Feb. 5 after the market closed, Palantir stock rocketed by roughly 50% over the next five trading days.
For further details see:
Palantir Stock Is Going to the Moon Following Its Jaw-Dropping Earnings Report