Positive

From Nasdaq.: 2024-12-21 11:01:00

Developments in the artificial intelligence (AI) sector have businesses eager to benefit. Palantir Technologies (NASDAQ: PLTR) is well positioned with its AI solutions, up 333% this year. Recent positive news includes admission to the Nasdaq-100 index, a new partnership with Red Cat Holdings, and an extension of its Army Vantage contract worth up to $618 million. Additionally, Palantir will translate faith-based content for Pray.com using AI. These developments bolster the investment thesis for Palantir, which is considered undervalued with a forward PEG ratio of 0.61. Experts believe Palantir is a buy opportunity.



Read more at Nasdaq.: 4 Things Palantir Investors May Have Missed This Week