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Looking for the Next Palantir Stock? This New Artificial Intelligence (AI) Stock Is Up 150% in 2 Months
Artificial intelligence (AI) is likely to be one of the most transformative technologies in human history. The International Data Corp. (IDC) says AI will add $19.9 trillion to the global economy by 2030, and Grand View Research estimates spending on AI hardware, software, and services will increase at 36% annually during the same period.Many investors eager to capitalize on that once-in-a-lifetime opportunity have bought stock in Palantir Technologies (NASDAQ: PLTR), a software vendor that specializes in analytics. Two years ago, the company introduced AIP, a large language model orchestration tool that helps customers infuse generative AI across their businesses.Palantir's revenue growth has since accelerated in seven straight quarters, and its share price has advanced 1,500% since May 2023. That means $5,000 invested in Palantir two years ago would now be worth about $80,000. Few stocks generate that much wealth so quickly, but a newly public AI company recently rocketed out of the gate.Continue reading
Artificial intelligence (AI) is likely to be one of the most transformative technologies in human history. The International Data Corp. (IDC) says AI will add $19.9 trillion to the global economy by 2030, and Grand View Research estimates spending on AI hardware, software, and services will increase at 36% annually during the same period.
Many investors eager to capitalize on that once-in-a-lifetime opportunity have bought stock in Palantir Technologies (NASDAQ: PLTR), a software vendor that specializes in analytics. Two years ago, the company introduced AIP, a large language model orchestration tool that helps customers infuse generative AI across their businesses.
Palantir's revenue growth has since accelerated in seven straight quarters, and its share price has advanced 1,500% since May 2023. That means $5,000 invested in Palantir two years ago would now be worth about $80,000. Few stocks generate that much wealth so quickly, but a newly public AI company recently rocketed out of the gate.
