AI News You Should Not Have Missed

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 shown excellent growth patterns in the past few months. Over the past year, the shares have gained more than 124%, beating the benchmark S&P 500 by a handsome 96%. This outperformance has been driven by a focus on AI products and the leap towards monetization at scale in this regard. These AI revenues have helped the firm post solid financials so far this year. The core strength of the firm is in tech expertise in advanced data integration and analytics platforms, like Gotham and Foundry, which cater to government and commercial sectors.

Palantir Technologies Inc. (NYSE:PLTR) has started turning heads on Wall Street. Northland recently initiated coverage of the stock with a Market Perform rating and $35 price target. In an investor note, the advisory highlighted that the artificial intelligence operating system of Palantir, powered by the Ontology software, had overcomes myriad roadblocks to adoption and was igniting AI use across the enterprise landscape.