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Barchart
Barchart
Amit Singh

Palantir Stock: A Red-Hot AI Play or an Overheated Bet?

Palantir United States

Palantir Technologies (PLTR) has been one of the best-performing S&P 500 Index ($SPX) stocks, delivering a jaw-dropping return of 97.7% so far this year. Moreover, this AI-powered software company’s shares have surged more than 420% over the past 12 months. This rally reflects excitement around its Artificial Intelligence Platform (AIP), which is rapidly gaining traction across industries.

From government agencies to commercial enterprises, more organizations are leaning on Palantir’s software to leverage the power of AI.

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