Is Palantir a Millionaire-Maker Stock?

Palantir Technologies (NASDAQ: PLTR) highlights the potential life-changing impacts of stock market investing. If you had invested $10,000 into the data analytics company three years ago, you would have a jaw-dropping $151,000 day -- a return of roughly 1,400%. The benchmark S&P 500 returned a modest 56% over the same time frame.The company is benefiting from widespread excitement about its software offerings for government and military clients. But is the hype getting ahead of the fundamentals? Let's dig deeper to determine if Palantir's stock still has millionaire-maker potential or if it's time to take profits.Palantir operates a software-as-a-service (SaaS) business model that helps organizations maximize efficiency, detect fraud, and gain other insights by examining their internal data. While the company has built its core business over two decades, the introduction of new generative artificial intelligence (AI) functionality in 2023 boosted its systems by enabling real-time insights, particularly in military scenarios.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool