18 Trending AI Stocks on Latest Analyst Ratings and News

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10. Palantir Technologies Inc. (NYSE:PLTR)

Number of Hedge Fund Holders: 44  

Palantir Technologies Inc. (NYSE:PLTR) builds and deploys software platforms for the intelligence community to assist in counterterrorism investigations and operations. The company has significantly improved financials in the past few months. The revenue growth rates for the firm have accelerated for four consecutive quarters, breaking all records in the latest quarter. The firm generated close to $680 million in revenue during the second quarter, up 27% year-on-year. The number comfortably beat both the high-end of guidance and analyst estimates by $25 million. The stellar performance was driven by strong momentum in the commercial and government businesses.

Palantir Technologies Inc. (NYSE:PLTR) recently announced that it had entered into a partnership with Sompo, an insurance firm based in Japan. The deal, with a subsidiary of the parent company in Japan, includes a commitment to invest over the next three years in a data integration and AI solution to drive digital transformation at the insurer, which is among the top five in the corporate and agribusiness insurance segment in Brazil.

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