Momentum Investor Praises Palantir As 'AI Halo' Play, Highlights Datadog As Software 'Bottoming Process' Sets In
Portfolio Pulse from Adam Eckert
Virtus Investment Partners' Joe Terranova highlights Palantir Technologies and Datadog as key players in the AI software space. BofA Securities added Palantir to its top 10 best U.S. ideas list for Q3, citing its growth in AI-driven revenue. Terranova is bullish on Datadog due to its critical role in AI security and believes the software sector may be bottoming out.
July 01, 2024 | 7:15 pm
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POSITIVE IMPACT
Datadog is highlighted for its critical role in AI security and is starting to break out above critical technical levels, indicating potential positive momentum.
Datadog's focus on AI security and its technical breakout suggest strong potential for positive price movement. The stock is likely to benefit from increased attention to AI software.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100
POSITIVE IMPACT
Palantir Technologies has been added to BofA Securities' top 10 best U.S. ideas list for Q3, with significant growth in AI-driven revenue and commercial business.
Palantir's inclusion in BofA's top 10 list and its growth in AI-driven revenue and commercial business are strong bullish signals. The stock is likely to see positive momentum in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100