Palantir (PLTR) stock rebounded to $170 per share despite Michael Burry’s short position. Wedbush analyst Dan Ives set a $230 price target for Palantir, predicting a $1T market cap. Some investors are getting rich with different strategies for building wealth. Learn more about these strategies to maximize your investment opportunities.

Dr. Michael Burry announced bearish positions on Palantir, causing fluctuations in the stock. Despite this, Palantir shares bounced back to $170 after briefly falling below $155. Analyst Dan Ives remains bullish on Palantir, predicting further growth and dismissing concerns of an AI bubble burst.

Ives, a prominent Palantir bull, believes the AI revolution is just beginning and sees a $230 target for the stock. With Palantir’s AI Platform being touted as the best product on the market, Ives’ bullish stance remains strong. He encourages investors to consider the long-term potential of AI investments.

Amidst concerns of an AI bubble, Ives maintains his bullish outlook, emphasizing the growth potential of leading AI platforms. Mega-cap tech companies are heavily investing in AI technology, indicating a sustained uptrend. Ives predicts a move to $230 per share for Palantir, signaling over 30% upside from current levels.

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Read more at Yahoo Finance: Could This Be a Golden Opportunity to Buy Palantir Stock at Under $170?