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Artificial intelligence (AI) is the new arms race, with investors constantly looking for the next Nvidia (NVDA). Nvidia’s meteoric rise, fueled by its dominance in AI-powered GPUs, has made it the poster child for the AI boom. Valued at $351.8 billion, Palantir Technologies (PLTR) is one such contender quietly making big moves by transforming how enterprises and governments deploy AI at scale. However, it has received a mixed response in the market. Some praise its rapid growth and close ties with the government, while others question its complex business model and its durability. Nonetheless, Palantir stock is up an impressive 100% year-to-date, outperforming the broader market.
Despite Palantir’s impressive growth over the last few quarters, most analysts remain bearish on the stock. Let us see if the stock is still a buy regardless of the skepticism.
