Wall Street, Palantir Technologies
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Tyler Radke, Citi senior equity research analyst, joins 'Squawk Box' to discuss Palantir's stock performance, who their top competitors are, and more.
In recent days, Palantir's stock has been showing signs of slowing down. After hitting a new all-time high of $190 on Aug. 12, it has proceeded to trade lower. By Monday, the AI stock would close at just over $174 -- down 8% from its recent high.
Palantir stands out with its scalable AI impact, unique Ontology platform, and defensible moat. Read why I think PLTR stock is a buy-on-pullback opportunity.
While Palantir might be Wall Street's AI sweet heart, these three stocks offer investors plenty of upside at better multiples.
Palantir deepens its AI partnership with Fujitsu, licensing its AIP platform in Japan to drive enterprise transformation, with global expansion plans ahead.
Two hedge fund managers with a track record for market beating returns sold Nvidia and bought Palantir in the second quarter.
Palantir Technologies was the worst performer in the S&P 500 on Tuesday, with the stock continuing to surrender gains following a blowout earnings report earlier this month.
AI software firm Palantir saw strong quarterly revenue, but its price-to-earnings ratio could be a warning sign for investors.
One argument for why Figma could be more likely to be a millionaire-maker than Palantir is that it's much smaller. Figma's market cap of around $40 billion is only a fraction of Palantir's market cap of roughly $440 billion. Generally speaking, smaller companies have more room to grow than larger companies do.
A mammoth estimated addressable market for artificial intelligence (AI) of $15.7 trillion by 2030 has sent Industry-leading AI stocks skyrocketing higher. Executives and board members for Nvidia, Palantir,