Palantir Is The 'Messi' Of Artificial Intelligence, Says Dan Ives: 'Most Underestimated AI Play'
Portfolio Pulse from Benzinga Neuro
Dan Ives from Wedbush likened Palantir Technologies Inc. (NYSE:PLTR) to Lionel Messi in the AI world, calling it the most underestimated AI play. Despite a sell call from Jim Cramer, Palantir's stock continues to rise, supported by CEO Alex Karp's bold claims of market dominance. The stock has gained over 42% in the last 12 months and is included in ETFs like Global X Defense Tech ETF (NYSE:SHLD) and ARK Innovation ETF (NYSE:ARKK).
May 31, 2024 | 5:12 am
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POSITIVE IMPACT
ARK Innovation ETF (ARKK) includes Palantir in its holdings. The positive outlook on Palantir could benefit ARKK, especially given Cathie Wood's recent purchase of Palantir shares.
The positive sentiment around Palantir and Cathie Wood's recent purchase of its shares suggest that ARKK could see gains as Palantir's stock rises.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Dan Ives from Wedbush has called Palantir the 'Messi of AI,' highlighting its underestimated potential. Despite a sell call from Jim Cramer, the stock continues to rise, supported by CEO Alex Karp's claims of market dominance.
The positive comparison by a prominent analyst and the continued rise in stock price despite a sell call indicate strong investor confidence and potential for further gains.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Palantir through the Global X Defense Tech ETF (SHLD), which includes Palantir in its holdings. The positive outlook on Palantir could benefit SHLD.
As Palantir's stock rises, ETFs holding the stock, like SHLD, are likely to benefit, making them attractive to investors seeking exposure to Palantir.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50