From Nasdaq: 2025-05-31 03:15:00

In the first quarter, several hedge fund managers, including Chris Rokos and Ken Griffin, bought shares of Palantir Technologies and Upstart, with significant increases in their positions. Wall Street analysts predict significant upside potential for both stocks, with Wedbush Securities expecting Palantir to reach a $1 trillion valuation within three years. Palantir’s revenue in the first quarter increased by 39%, attributed to strong demand for its AI platform. Upstart’s lending platform, driven by artificial intelligence, reported solid financial results, beating expectations. Despite concerns about the lending environment, Wall Street expects Upstart’s adjusted earnings to grow significantly through 2026.

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Read more at Nasdaq: Billionaires Are Buying 2 Artificial Intelligence (AI) Stocks That Wall Street Analysts Say Can Soar Up to 240%