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With President Donald Trump handing out tariffs like Oprah and inflation coming in worse than expected, the market’s resilience is commendable as it hovers around its record levels. A key reason for this has been the unsatiable appetite for artificial intelligence (AI). Undeterred by Chinese AI upstart DeepSeek’s initial onslaught, corporations are doubling down on AI.
Palantir (PLTR) has been one of the key beneficiaries of this trend. Up a staggering 402% over the past year, the data analytics company has been on a winning spree. Wedbush analyst Dan Ives has been one of the early backers of Palantir. Safe to say, his pick has been a success.