23.12.2024 10:40:00

Thinking of Buying Palantir Stock? You Need To See These 4 Charts First

Palantir Technologies (NASDAQ: PLTR) has taken the market by storm in 2024.Share prices of the artificial intelligence (AI)-focused data fusion specialist are up 332% year-to-date through Dec. 19. The stock soared as its revenue growth accelerated over the last five quarters and its profit margins expanded significantly.In the last year or two, Palantir went from a speculative cloud stock to a viable and growing business. It also benefited from gaining entry to the S&P 500 and soared since the November presidential election as investors seem to think it will benefit from increased spending by the Trump administration on areas like national security and immigration enforcement. The federal government is Palantir's biggest customer, and the company got its start serving counterterrorist agencies and helping them connect the dots in disparate pieces of data.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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Palantir 77,82 2,94% Palantir