Article

2023-07-28 Science & Technology

Palantir has built an 'AI fortress that is unmatched' and the stock is set to soar 54% as new industrial revolution begins, Wedbush says

[Business Insider] Palantir stock is set to pop in the next year as the tech firm erects an artificial intelligence "fortress" that will help it become one of the biggest players in the AI race in the coming decade, Wedbush Securities analysts wrote on Friday.

According to Wedbush's Dan Ives, Palantir is headed to $25 a share in the next 12 months. That represents a surge of 54% from Thursday's closing price of $16.15. Shares were up 5.7% at $17.07 early Friday.

The data software firm, which has been funded in part by the CIA's In-Q-Tel venture capital arm, is the "Messi" of AI, Ives said, referring to Argentine soccer superstar Lionel Messi.

"As we begin the 4th Industrial Revolution, Palantir is engaging in the widespread trend of various industries leveraging recent generative AI innovations to streamline operations and improve expense profiles," the Wedbush analysts wrote.

Given Palantir's wide roster of partners in both the public and private spheres, Wedbush sees the next six to 12 months as a period of significant expansion for the company as it serves the growing demand for enterprise-scale large language AI models.

"This is early innings on a sum-of-the-parts AI story just on the cusp on monetizing this massive green field AI opportunity," it predicted.

Posted by Besoeker 2023-07-28 11:23|| || Front Page|| [11138 views ] Top

#1 LTG Michael Flynn and senior analysts within the IC might have predicted this.

Posted by Besoeker 2023-07-28 11:27|| 2023-07-28 11:27|| Front Page Top

#2 Goes to show that beta testing in real life has been going on in various forms for about 2 years now.

I'd guess Ghost of Kyyyv was a IRL test.

Posted by swksvolFF 2023-07-28 11:52|| 2023-07-28 11:52|| Front Page Top

#3 Does the fortress look like Wolfenstein?

Posted by Super Hose 2023-07-28 12:52|| 2023-07-28 12:52|| Front Page Top

#4 I visited Palantir in March and was impressed with their AI demonstration. And their demo on using commercial satellites and AI to make decisions.

Posted by Airandee 2023-07-28 16:58|| 2023-07-28 16:58|| Front Page Top

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