Palantir Stock Is Hitting 52-Week Highs: What's Going On?
Portfolio Pulse from Adam Eckert
Shares of Palantir Technologies Inc (NYSE:PLTR) are trading higher, adding to gains of over 95% in the last three months. The rally is driven by optimism surrounding the future of AI, with Palantir reporting strong demand for its new AI platform. The company's shares accelerated in May after better-than-expected quarterly results and guidance for continued profitability in 2023. Palantir's CEO reiterated the high demand for its AI products at the company's first AIPCon in June.
July 17, 2023 | 5:42 pm
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Palantir's stock is trading higher due to strong demand for its AI platform and optimism about the future of AI. The company's shares have gained over 95% in the last three months.
The rise in Palantir's stock price is directly linked to the strong demand for its AI platform and the overall optimism about the future of AI. The company's better-than-expected quarterly results and guidance for continued profitability in 2023 have also contributed to the rally.
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