House Democrats urge stricter control over AI use in government, causing Palantir price target to lower.

From Yahoo Finance: 2025-04-20 22:21:00

Almost 50 House Democrats are urging to stop unauthorized use of AI tools in government to prevent unnecessary spending. President Trump has established DOGE, Department of Government Efficiency, led by Elon Musk, to combat waste and fraud.
Democrats recognize AI’s potential to modernize government but raise concerns over security risks and data access. They demand termination of unauthorized AI systems and question any potential conflicts of interest, particularly with Musk’s xAI technology.
The White House has introduced new policies on federal agency AI use to encourage American AI innovation and leadership. Meanwhile, Palantir Technologies Inc. boosts U.S. defense AI with a NATO deal, holding promise as an investment but other AI stocks may offer higher returns.
Palantir Technologies Inc. (PLTR) is a leading AI provider, ranked 11th on Wall Street’s AI stocks radar. Morgan Stanley lowered its price target to $90 per share. For a potentially more promising AI stock with significant upside, consider the cheapest AI stock highlighted in a report.
Hedge fund data from Q4 2024 was used to select AI stocks, as these stocks are popular among hedge funds. Top stock picks of the best hedge funds have outperformed the market, with a strategy returning 373.4% since May 2014, beating its benchmark by 218 percentage points.

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