Tariff Hits and More: 10 AI Stocks in the Spotlight

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 April 3, TipRanks reported that William Blair analyst Louie DiPalma maintained their neutral stance on the stock, giving a “Hold” rating on March 27. DiPalma’s rating stems from current and future contracts of Palantir. He noted how a potential contract award for the Next-Generation Command and Control (NGC2) program is a positive sign for the stock, likely boosting its annual recurring revenue.

However, uncertainty looms since it hasn’t been officially announced. Moreover, the company’s close alignment with the US Army’s strategic decisions implies that the company holds solid ground in maintaining and expanding its existing contracts. Nevertheless, the firm has given a hold rating to reflect its cautious approach toward the stock. Even though Palantir boasts revenue growth and strong operating margin projections, the opportunities mentioned depend on future developments and official confirmations.