10 AI Stocks to Keep on Your Radar

8. Palantir Technologies Inc. (NASDAQ:PLTR)

Number of Hedge Fund Holders: 63

Palantir Technologies Inc. (NASDAQ:PLTR) is a leading provider of artificial intelligence systems. On March 12, Robert W. Baird analyst William Power maintained their neutral stance on the stock, giving a “Hold” rating. Palantir has come a long way capitalizing on its robust AI-powered platform, as evidenced by its strategic partnerships with firms like Databricks, Archer, and Saildrone.

The collaborations intend to enhance data integration, aviation technology, and maritime intelligence, showcasing the company’s potential to drive advancements across various sectors. Despite the positive outlook, the factors that seem to be tempering this bullishness are the stock’s higher risk suitability and the absence of a meaningful price-to-earnings ratio. This reflects on its potential volatility and uncertainty in financial performance, leading to the hold rating.