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Prediction: Palantir Stock Will Plunge to $55 by 2027
Wall Street's hottest artificial intelligence (AI) stock, which has gained more than 2,000% since the start of 2023, may be about to reverse course.
For more than two years, no trend has captivated the attention and pocketbooks of investors quite like the rise of artificial intelligence (AI). The ability for AI-empowered software and systems to make split-second decisions without the oversight of humans is a technology with broad-reaching potential in most industries around the globe.
In Sizing the Prize, the analysts at PwC estimate a combination of productivity improvements and consumption-side effects from AI will boost worldwide gross domestic product by 26%, or $15.7 trillion, come 2030. If this figure is even remotely accurate, it means a long list of companies will benefit from this game-changing technology.
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