Will Palantir Surge After Aug. 4? History's Answer Is Strikingly Clear.
Palantir Technologies (NASDAQ: PLTR) has been one of the early winners of the artificial intelligence (AI) revolution, and this streak could keep going. Demand has skyrocketed for its AI-powered software platform -- one that's helping governments and commercial customers make game-changing moves. As a result, government and commercial revenue each have been climbing in the double digits quarter after quarter.Since these customers are in the early days of AI adoption, investors can expect more growth for Palantir. Analyst forecasts for AI expansion support this, too, with the overall AI market expected to increase from the billions of dollars today to beyond $2 trillion in just a few years.Investors clearly are excited about all of this as they've piled into Palantir's stock, helping it to soar 1,300% over the past three years. Now, with a catalyst just ahead, you might be wondering if additional gains lie right around the corner -- and whether you should buy the stock. I'll turn to history for some answers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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