Artificial intelligence (AI) stocks are still on a quest for total market domination, with industry leaders like Nvidia (NVDA) and Advanced Micro Devices (AMD) up more than 20% already in 2024. Forecasts for growth remain optimistic, with Statista forecasting a CAGR of 15.83% through 2030.
But while Palantir Technologies (PLTR) has enjoyed the same kind of breakout price action as many other AI leaders over the past year, the software-as-a-service company hasn't exactly won over Wall Street just yet. In fact, a bearish analyst note released earlier this week points to expectations for the stock to lose more than a quarter of its value over the next 12 months.
