19 Trending AI Stocks on Latest Analyst Ratings and News

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9. 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 recently announced that it had entered into a five-year strategic collaboration with energy giant BP to introduce new artificial intelligence capabilities in the energy sector through the AIP software. BP has used Palantir software since 2014 to support energy production operations. Under the new deal, the AIP software will assist BP to safely and reliably harness large language models, or LLMs, to improve and accelerate human decision-making with suggested courses of action based on automated analysis of the underlying data.

Analysts on Wall Street have noticed the new developments regarding Palantir Technologies Inc. (NYSE:PLTR). Northland recently initiated coverage of the stock with a Market Perform rating and $35 price target, noting that the artificial intelligence operating system of the firm, powered by the Ontology software, had overcome myriad roadblocks to adoption and was igniting AI use across the enterprise landscape.

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